
Reuters reports that Chinese hog farmers face record losses from surging feed costs and weak pork demand, and are switching to lower-quality grain and cutting soymeal. Soymeal futures rallied 15% in March to a record 4,428 yuan per tonne after smaller-than-expected shipments from Brazil, with cash prices above 5,000 yuan.
Corn is also at elevated levels.
Smaller Brazilian soybean shipments are tightening soymeal supply and lifting feed costs, which prompts farmers to substitute away from protein. Lower soymeal use could cap demand even as prices stay high, while hog losses signal weaker livestock feed demand ahead.
在过去 342 次看涨的贸易事件之后,豆粕 在 5 个交易日内中位数变动 +0.1%(51% 上涨;中间一半区间为 -1.1% 至 +2.6%),20 个交易日内为 +0.6%。
在过去 729 次看涨的贸易事件之后,玉米 在 5 个交易日内中位数变动 +0.4%(56% 上涨;中间一半区间为 -1.1% 至 +1.8%),20 个交易日内为 +0.5%。
在过去 123 次看跌的贸易事件之后,生猪(瘦肉型) 在 5 个交易日内中位数变动 -0.4%(43% 上涨;中间一半区间为 -2.9% 至 +2.0%),20 个交易日内为 -0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。