Animal Feed Ingredient Market Information in China On June 08, 2021
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Feed Ingredient Price List on June 08, 2021 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2869.42 | 2870.21 | -0.79 | RMB/MT |
Soybean Meal | 3490-3650 | 3540-3680 | -30-50 | RMB/MT |
Rapeseed Meal | 2945.00 | 2945.00 | +0.00 | RMB/MT |
Cotton Seed Meal | 3110.00 | 3110.00 | +0.00 | RMB/MT |
DDGS | 2523.00 | 2523.85 | -0.85 | RMB/MT |
Peruvian Steam Dried Fish Meal | 11300-11500 | 11300-11500 | +0.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=639.09RMB | ||||
Market Comments and Concern
Soybean Meal
The future soybean price at CBOT was closed both higher and lower because of the market concern on hot and dry weather in west and central America which may threat the growth of soybean.
Soybean meal inventory at oil plants has increased for the massive processing. Meanwhile, soybean meal trading is dull. As a result, soybean meal supply is getting loose and the price was suppressed for the drop in swine and aquatic product price and increased feed cost. It is projected that soybean meal price will remain the vibrating trend with passive rise following US soybean market or active drop.
Source: China Feedtrade Net
