Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

April 5, 2017
                          
China Soymeal Weekly: Sharp fall in CBOT soy futures, weak feed demand drag down China soymeal prices (week ended Apr 3, 2017)
                                                                            
An eFeedLink Exclusive
 
 
Price summary
 
Prices dipped considerably.
 

Weekly transacted prices of soymeal in China

Region

Protein content (%)

Price as of Mar 27
(RMB/tonne)

Price as of Apr 3
(RMB/tonne)

Price change
(Percentage)

Heilongjiang

43%

8,200

8,200

0

Liaoning

43%

8,100

8,100

0

Hebei

43%

8,500

8,500

0

Shandong

43%

8,300

8,300

0

Jiangsu

43%

8,200

8,200

0

Guangdong

43%

8,300

8,300

0

Prices are representative and are for reference only.
RMB1=US$0.1452 (Apr 5)

 
Market analysis
 
Prices of CBOT May soy futures plunged more than 3% over the past week as USDA reported higher-than-expected planting acreage and soy inventory.
 
In China, soymeal prices continued to slide as animal feed demand was slow while supplies of soymeal were ample. On average, prices were lower by 2.2% compared with the previous week.
 
 
Market forecast
 
The recovery of the feed industry is slower than usual this year as the outlook of the livestock market is uncertain. Sales of soymeal are therefore weak while feed manufacturers limited stockpiles. With global soy futures markets staying soft and feed demand in China sluggish, soymeal prices are expected to trend lower in the coming period.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read