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    Home > Active Ingredient News > Feed Industry News > Soybean meal rises "crazy"! Will farming end profits be squeezed?

    Soybean meal rises "crazy"! Will farming end profits be squeezed?

    • Last Update: 2022-10-03
    • Source: Internet
    • Author: User
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    ;

    Soybean meal spot once again broke through the 5,000 yuan mark, and the main futures contract hit the highest level


    Internationally, after the release of the USDA supply and demand report in September, the November contract futures price of CBOT soybeans rose sharply, closing at 1485.


    Or affected by this, on the first trading day after the end of the Mid-Autumn Festival holiday, the domestic soybean meal spot both rose


    From the perspective of soybean meal inventory, Mysteel agricultural product data shows that as of the week of September 9, the soybean inventory of major oil mills in the country was 4.


    For the next trend of soybean meal spot, Zou Honglin, a soybean meal analyst at the Shanghai Iron and Steel Union Agricultural Products Division, told the Financial Associated Press reporter: "In the context of the overall tightness of soybean meal inventory, it is expected that short-term soybean meal spot prices will remain at a high level


    For soybean meal futures, Zou Honglin believes that the futures price has a supporting role


    Affected by the continuous rise in soybean meal prices, downstream feed enterprises have raised the price of finished materials, and will carry out a new round of price adjustment, feed prices, downstream aquaculture costs further push up, compress the breeding profits


    In this regard, He Zuxun, chairman of Shennong Group (605296.


    In terms of grass-roots farmers, Mr.


    ;

    Soybean meal spot once again broke through the 5,000 yuan mark, and the main futures contract hit the highest level


    Internationally, after the release of the USDA supply and demand report in September, the November contract futures price of CBOT soybeans rose sharply, closing at 1485.


    Or affected by this, on the first trading day after the end of the Mid-Autumn Festival holiday, the domestic soybean meal spot both rose


    From the perspective of soybean meal inventory, Mysteel agricultural product data shows that as of the week of September 9, the soybean inventory of major oil mills in the country was 4.


    For the next trend of soybean meal spot, Zou Honglin, a soybean meal analyst at the Shanghai Iron and Steel Union Agricultural Products Division, told the Financial Associated Press reporter: "In the context of the overall tightness of soybean meal inventory, it is expected that short-term soybean meal spot prices will remain at a high level


    For soybean meal futures, Zou Honglin believes that the futures price has a supporting role


    Affected by the continuous rise in soybean meal prices, downstream feed enterprises have raised the price of finished materials, and will carry out a new round of price adjustment, feed prices, downstream aquaculture costs further push up, compress the breeding profits


    In this regard, He Zuxun, chairman of Shennong Group (605296.
    SH), told the Financial Associated Press reporter: "The sharp rise in soybean meal has a certain impact on the current high pig price profit, but the impact is limited
    .
    However, the impact of this aspect is uncontrollable, and only the control of comprehensive breeding costs is the long-term goal and core competitiveness
    of pig enterprises.
    "7i4 Feed Industry Information Network - Based on feed, serving livestock

    In terms of grass-roots farmers, Mr.
    Li, the head of marketing in the southwest region of New Hope (000876.
    SZ) feed, told reporters: "A few days ago, the feed in the region was only raised, according to the current trend of soybean meal, there may be a price increase, and there are currently downstream farmers complaining that breeding profits have begun to be compressed
    .
    " "7i4 Feed Industry Information Network - Based on feed, serving livestock

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