Breeding Profit Recovery Boosted Soymeal Market

By CnAgri2013-08-23 13:25:18 Print Soymeal: Domestic soymeal price increased slightly this week. Soybean stocks in ports register 6.33 million MT currently and shall decline gradually later with decrease of soybean arrivals in August and September. Operating rate of oil plants will also be influenced to decline, which, therefore, caused decrease of soymeal supply. Breeding profit turns better presently. Rate between hog and feed was 6.09 this week, increasing compared with 5.96 last week. Hog inventory registered 452.06 million in June, up 4.48 million from May, 447.58 million, which promoted soymeal price. It is predicted soymeal price shall go strong with fluctuation later. (Figure 11)



From “China Oil and Oilseeds Market Weekly Report”