Since mid January 2021, the price of soybean meal has continued to plunge, falling continuously. Before the Spring Festival, the price has dropped by nearly 10 points, and after the Spring Festival, it has continued to drop by nearly 10 points. As of March 16, the price of soybean meal has dropped from 4160 yuan / ton on January 15 to 3347 yuan / ton, down 19.53%. The fall of soybean meal makes people in the market confused and suspicious. What's wrong with pigs and beans?

Since the middle of January, soybean meal has fallen sharply for two consecutive weeks, with a maximum decline of more than 3%. As the Spring Festival approached, the decline of soybean meal market slowed down. After the festival, soybean meal rose for a short time. Since March, soybean meal continued to fall for two consecutive weeks, with a maximum decline of more than 7%. In the middle of March, due to the continuous sharp decline, the decline of soybean meal has slowed down to the bottom.

Soybean meal fell miserably and pigs did not perform well

In the middle of January, the stock market of terminal feed factory ended one after another, the good news of external market was digested by the market, and soybean meal ushered in a downward market. However, after the Spring Festival, soybean meal still failed to keep up the external trend. The main reason is that the demand for terminal feed is flat, big pigs come out of the market, and the price of pigs keeps falling. In March, I thought that soybean meal was almost bottoming out. African swine fever appeared in some areas, which made the soybean meal market worse. The market continued to be weak and the price of pigs also kept falling. Soybean meal is a drag on pigs.

Long short game

As a good brother who is also a feedstuff raw material, rapeseed meal and soybean meal began to keep the same after the Spring Festival, diving together. Since March, rapeseed meal has begun to rise in succession, and no longer continues to dive with soybean meal. Should the spring of soybean meal be not far away? The reason why soybean meal did not rise with rapeseed meal was still affected by the news of African swine fever, and the price continued to decline. In terms of rapeseed meal, terminal aquaculture has gradually started, and the demand has improved. It is less affected by pigs and has started to fly alone. Soybean meal continued to dive, and the decline slowed down with the help of rapeseed meal.

Analysis

Sunsirs agricultural products analysts believe that: soybean meal has basically dropped to the bottom, rapeseed meal market has improved, aquaculture has started in succession, terminal feed demand has increased, soybean meal spring is not far away.

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