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On November 6 in Shandong, 60% corn gluten meal was priced at 4,260 yuan per ton and 43% soybean meal at 3,060 yuan per ton. Mysteel reported a protein-price spread of -0.2 yuan per protein unit and a price ratio of 1.39, compared with a ratio of 1.32–1.36 in the preceding days.
The comparison tracks the relative cost of two feed protein sources, which can influence feed formulators’ ingredient choices. It reports pricing relationships rather than a new supply or demand shift, so the direct price signal is limited.
ncp.mysteel.comNov 6, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
