Meihua Bio reported a 96% year-over-year fall in third-quarter net profit, citing steep declines in feed-grade lysine and threonine prices alongside higher corn and coal costs. Management said lysine, threonine and MSG prices had edged up in October, while the company described the amino-acid industry as being near the bottom of its cycle.
Weak amino-acid prices reflect oversupply and pressure feed-ingredient sellers, while the reported October uptick may indicate some price stabilization. Higher corn costs also squeeze producers’ margins but do not, by themselves, establish a change in feed demand.
Not 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.