July 7th, Choice data monitoring shows that the recent sudden and continuous rise in soybean meal, compared with 3770 yuan / ton on June 1, has hit a high of 4200 yuan / ton so far, a monthly increase of more than 11%. As an important raw material for feed, the sharp increase in soybean meal has brought about an overall increase in the price of feed for feed companies, with an increase of about 50-100 yuan/ton.
Why did soybean meal rise sharply suddenly? Analysts at Shanghai Steel Union Agricultural Products said that the recent continuous rise in soybean meal was mainly due to the hype of rising water in the United States. The U.S. agriculture report lowered the planting area and quarterly inventory of U.S. soybeans more than expected, and the market worried about supply. . In the short term, when the weather does not improve significantly, the domestic soybean meal will mainly follow the strong trend of the external market.
As soybean meal is the main feed raw material, a sharp rise in its price will bring greater pressure to farming enterprises, and the first thing to bear the brunt is the increase in farming costs.
With the current sluggish price of live pigs and the off-season demand in July and August, the profit of breeding may continue to shrink.
