Bird flu will weaken China's feed demand
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to Jerry gedder, an analyst at North American risk management services, the situation in China is getting worse, which may weaken China's demand for feed Earlier this week, China's Xinhua News Agency reported that the local government had killed more than six million chickens and birds after an outbreak of bird flu was found in Liaoning Province in the northeast Affected by the news, soybean futures in Dalian fell by 2% on Monday On Monday, Chicago Board of trade's January soybean futures fell 9 cents, or 1.5 percent If you count from last Friday, the Chicago soybean contract's recent cumulative decline has reached 3.1% U.S soybean futures prices are also affected by the Chinese market, gaidel said He added that uncertainty about the outlook for the bird flu outbreak could weaken consumers' enthusiasm for poultry meat consumption, hit the poultry industry, and hit the demand for soy based feed.
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