Multiple benefits affect soybean meal prices to maintain strong recently

Although the recent Volatility of Dalian soybean meal futures, but due to the peak demand season, coupled with the oil plant to stand up to the price of meal, the domestic soybean meal spot market is relatively strongIn the past month, the spot price of soybean meal has remained at a high level of 3900-4000 yuan/tonne, and Dalian soybean meal futures have maintained a higher level of waterMxD
Farming profit improved, soybean meal spot price stood firmMxDdue to the government in April and May continued to carry out frozen pork storage, so, although the current is the traditional consumption off-season, but pig and pork prices have steadily rebounded, pig grain ratio has been firmly above the break-even pointBased on the current pig price, each pig can make about 100 yuanPig profits turned well to stimulate the increase in the amount of supplement, piglet prices also confirmed this trendAccording to monitoring, the price of piglets from April and May about 36 yuan / kg, quickly rose to the current 60 yuan / kg or soDue to the short growth cycle of poultry, there was a restorative growth in poultry rearing after the avian influenza outbreakIn addition, it is currently the aquaculture season, protein feed demand reached the peak of the yearRelatively strong demand makes the spot price of soybean meal relatively strong, in recent months, although the outer soybean and domestic soybean oil showed significant fluctuations, but the soybean meal price stabilized at 3800-4100 yuan / tonAccording to the latest monitoring, as of July 8 at 11 a.m., the national soybean meal market sales average price of 3906 yuan / ton, the current plate of all soybean meal futures contracts are maintained high waterAs the delivery month approaches, the closeness of the futures price to the spot price is a high probability eventTherefore, soybean meal futures can maintain a relatively strong or even rise is determined by its spot fundamentalsMxD
The weak oil continued, the oil plant strong price MxD from the futures market, since the end of 2011, soybean meal ratio began to go low, and constantly refresh the low point since 2008, which makes the market based on the historical average return of oil arbitrage investors loss serious And there is a certain reasonableness in the existence of everything First of all, from the demand point of view, as people's living standards improve, oil and meat and milk consumption tend to increase China's oil consumption in recent years has reached 25 million tons / year, per capita consumption in 20 kg / year, but affected by dietary habits, there is little room for further improvement China's per capita consumption of meat, egg and milk compared with developed countries, meat and milk consumption growth rate is significantly larger than grease, so soybean meal and other protein feed demand is also relatively strong Secondly, from the supply point of view, soybean meal has now become the main protein feed, soybean meal is mainly squeezed by imported soybeans, and oil in addition to imported soybean crushed production, but also through the import of palm oil, vegetable oil to increase the market supply Third, the oil plant sales strategy also makes the oil weak Oil plants relative to feed plants and farmers are relatively concentrated, in the bargaining power of the group is stronger, in the case of low oil prices, oil plants are willing to, but also through the strength of the price to maintain a certain amount of processing profits MxD
Of course, soybean meal prices have recently maintained a strong, and the trend of uncertainty outside the market is also closely related Although the U.S Department of Agriculture's soybean seeding area is at an all-time high, and despite recent U.S soybean growth preferences, the key growth of U.S soybeans has yet to come, and if unusual weather occurs later, the probability of beans reproducing last year's bull market is not without MxD Although the recent Volatility of Dalian Soybean Meal Futures, but due to the peak demand season, coupled with the oil plant to support the price of dorries, the domestic soybean meal spot market is relatively strong In the past month, the spot price of soybean meal has remained at a high level of 3900-4000 yuan/tonne, and Dalian soybean meal futures have maintained a higher level of water MxD
Farming profit improved, soybean meal spot price stood firm MxD due to the government in April and May continued to carry out frozen pork storage, so, although the current is the traditional consumption off-season, but pig and pork prices have steadily rebounded, pig grain ratio has been firmly above the break-even point Based on the current pig price, each pig can make about 100 yuan Pig profits turned well to stimulate the increase in the amount of supplement, piglet prices also confirmed this trend According to monitoring, the price of piglets from April and May about 36 yuan / kg, quickly rose to the current 60 yuan / kg or so Due to the short growth cycle of poultry, there was a restorative growth in poultry rearing after the avian influenza outbreak In addition, it is currently the aquaculture season, protein feed demand reached the peak of the year Relatively strong demand makes the spot price of soybean meal relatively strong, in recent months, although the outer soybean and domestic soybean oil showed significant fluctuations, but the soybean meal price stabilized at 3800-4100 yuan / ton According to the latest monitoring, as of July 8 at 11 a.m., the national soybean meal market sales average price of 3906 yuan / ton, the current plate of all soybean meal futures contracts are maintained high water As the delivery month approaches, the closeness of the futures price to the spot price is a high probability event Therefore, soybean meal futures can maintain a relatively strong or even rise is determined by its spot fundamentals MxD
The weak oil continued, the oil plant strong price MxD from the futures market, since the end of 2011, soybean meal ratio began to go low, and constantly refresh the low point since 2008, which makes the market based on the historical average return of oil arbitrage investors loss serious And there is a certain reasonableness in the existence of everything First of all, from the demand point of view, as people's living standards improve, oil and meat and milk consumption tend to increase China's oil consumption in recent years has reached 25 million tons / year, per capita consumption in 20 kg / year, but affected by dietary habits, there is little room for further improvement China's per capita consumption of meat, egg and milk compared with developed countries, meat and milk consumption growth rate is significantly larger than grease, so soybean meal and other protein feed demand is also relatively strong Secondly, from the supply point of view, soybean meal has now become the main protein feed, soybean meal is mainly squeezed by imported soybeans, and oil in addition to imported soybean crushed production, but also through the import of palm oil, vegetable oil to increase the market supply Third, the oil plant sales strategy also makes the oil weak Oil plants relative to feed plants and farmers are relatively concentrated, in the bargaining power of the group is stronger, in the case of low oil prices, oil plants are willing to, but also through the strength of the price to maintain a certain amount of processing profits MxD
Of course, soybean meal prices have recently maintained a strong, and the trend of uncertainty outside the market is also closely related Although the U.S Department of Agriculture's soybean seeding area is at an all-time high, and despite recent U.S soybean growth preferences, the key growth of U.S soybeans has yet to come, and if unusual weather occurs later, the probability of beans reproducing last year's bull market is not without MxD