March 2, 2021
China Soymeal: Prices consolidated lower amid slack demand (week ended Mar 1, 2021)
Over the week, prices of CBOT May soy futures increased 1.8% amid concerns over harvests in Brazil.
Feed producers limited soymeal purchases as the loss of sows were severe in several farms due to a resurge in the disease rates of African Swine Fever. Moreover, hog inventories diminished substantially following early February's high releases. Soymeal prices consolidated lower as a result over the week.
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