According to the National Grain and Oil Information Center: First, according to the current customs clearance policy, the import soybean crushing volume is expected to increase significantly in May, and the domestic soybean and soybean meal supply is expected to improve. Second, the high price of soybean meal suppresses the demand of feed companies.

The current round of soybean meal price increase has caused some feed companies to adjust the feed formula and reduce the proportion of soybean meal added. It is expected that the rise in soybean meal prices is a phased phenomenon and will gradually weaken in May.

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