According to the monitoring data of the Commodity Market Analysis System of SunSirs, in August, the feed raw material market continued to rise, and the feed raw material index oscillated and rose, with an increase of nearly 7%. Entering August, the bullish factors remain, with soybean meal leading the rise and raw material prices such as DDGS wheat rapeseed meal rising one after another, leading to a comprehensive rise in the feed sector. On August 31, the feed raw materials were 1,296 points, an increase of 2 points from yesterday, a decrease of 4.50% from the highest point of 1,357 points in the cycle (2022-11-10), and an increase of 73.49% from the lowest point of 747 points on April 10, 2016. (Note: The cycle refers to the period from March 1st, 2014 to the present)

According to the price monitoring of SunSirs, there were a total of 5 products that rose, 0 products that fell, and 0 products that rose or fell in the feed raw material price list in August 2023. The main commodities that rose were soybean meal (13.10%), DDGS (6.96%), and wheat (6.49%).

Since August, the feed raw material market continued to rise in July, with soybean meal experiencing the largest increase, exceeding 13%; DDGS wheat rapeseed meal has increased by over 5%, while corn has the smallest increase, with an increase of over 2%. Futures market support, tightening market supply, improving demand, and multiple positive factors are still present. In August, the feed raw material sector saw a comprehensive trend of prosperity.

Since August, the supply of imported rapeseed in terms of raw materials has decreased, rapeseed meal output has decreased, and inventory is at a low level. The US Department of Agriculture's August supply and demand report lowered Canadian rapeseed production, and Canadian rapeseed exports were strong, leading to an increase in cost and futures prices. Domestic rapeseed meal prices also rose. The rigid demand for terminal aquaculture is supporting, and the rapeseed meal market is oscillating upwards, with an increase of nearly 7%.

Agricultural product analysts from SunSirs believe that the current increase in feed raw material prices is mainly due to the tight supply of raw materials, support from terminal rigid demand, and a significant increase in DDGS of soybean meal and rapeseed meal.

In September, the demand in the terminal aquaculture industry has increased, and the quantity of raw materials purchased by the feed industry has increased. Corn, soybean meal, rapeseed meal, and DDGS may continue to rise in the future, with a promising future.

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