# The soybean meal trap: why its price fell to levels of 26 years ago

> A Rosario Stock Exchange analysis states that inflation-adjusted Chicago soymeal prices are at the same level as 26 years ago. Global meal use per kilo of livestock and aquaculture protein rose 46% from 2000 to 2026, while output grew 4.4 times to a projected 300 million tonnes in 2026/27. Biofuel-driven crushing in the US and Brazil is cited as the cause of rising supply.

- Date: 2026-11-02 · published 2026-11-03T13:36:33.748Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/77777-the-soybean-meal-trap-why-its-price-fell-to-levels-of-26-years-ago
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Supply growth from biofuel crushing has outpaced rising feed demand, keeping soymeal prices weak and supporting cheaper protein for feed formulators.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-01-27 | [Mind the gap in soybean meal - Walsh Trading](https://feedsoft.ai/events/13885-mind-the-gap-in-soybean-meal-walsh-trading.md) | -1.0% | -2.9% |
| SBM | 2023-06-07 | [Soybean meal prices to be bright spot for pig producers \| Feed Strategy](https://feedsoft.ai/events/35601-soybean-meal-prices-to-be-bright-spot-for-pig-producers-feed-strategy.md) | -0.3% | +4.1% |
| SBM | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -6.3% | -9.1% |
| SBM | 2022-05-05 | [Soyabean prices start easing as Govt allows import of more GM meal  - The HinduBusinessLine](https://feedsoft.ai/events/41488-soyabean-prices-start-easing-as-govt-allows-import-of-more-gm-meal-the.md) | -6.1% | -2.8% |
| SBM | 2024-01-24 | [China aims to further lower soybean meal use, reduce hog capacity \| Feed Strategy](https://feedsoft.ai/events/32126-china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity-feed-strategy.md) | +0.4% | -4.1% |

## Sources

- ruralprimicias.com.ar: https://www.ruralprimicias.com.ar/la-trampa-de-la-harina-de-soja-por-que-su-precio-cayo-a-niveles-de-hace-26-anos/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.