European feed manufacturers expect to increase the purchase of soybean meal

Lead: Reuters news European traders said Friday that feed manufacturers in northern Europe, after watching the strong US dollar, entered the market this week and will purchase more soybean meal in the future In the medium term, tight supply of South American soybean meal means that Europe will rely more on US soybean meal and soybeans to meet strong demand in Europe A German trader said, "the rising water of South American soybeans is strong because of the increase of domestic demand, so we expect the export of South America to Europe to decline Buyers have to turn to Europe and the US " To some extent, it belongs to the seasonal pattern from March to April in South America Feed manufacturers began active purchases on Wednesday, with most of the deals being South American soybean meal, as buyers worried that a rise in Chicago's price might indicate that the price has bottomed out "I think Chicago's soybean prices are at a low point, but people are reluctant to buy because of the stronger dollar," said a buyer at a compound feed factory in the Netherlands Earlier this week, the dollar surged against the euro to a six week high, making soybean meal less attractive when converted into European currencies, but the dollar fell on Wednesday, prompting buyers to enter the market Compound feed manufacturers have purchased 70% to 90% of the soybean meal needed by the end of the year, but only 40% to 60% of the demand for January to April, compared with 10% to 15% for summer parts Since the quantity of soybean meal to be purchased depends on the other products to be mixed, it is difficult to specify exactly the quantity required It also depends on other products being mixed, such as cereals, which have higher protein levels than tapioca Due to the low price of grain, it has become an important component of feed, but the amount of tapioca powder is increased, so soybean meal is needed to make the total protein content of the mixture the same (author:) share to feed Weibo share to: