Media interview: The bull market of agricultural products is coming!Brazil's flood may reduce soybean production, and feed demand is better than expected. Institutions are bullish on soybean meal futures
Source:Agricultural TV Network2024-05-15 19:06:05
Lin Guofa, director of agricultural big data research of Breck, accepted the Huaxia TimesThe reporter said:"Objectively, feed production and demand will decline significantly from January to February 2024, especially in North China. However, the market has started to reduce the production capacity of pig breeding since the end of 2023, and the price of meal has declined significantly. By the end of February 2024, large feed costs, together with soaring piglet prices, will trigger pig breedingThe main body and willing to hold down the fence and even some breeding bodies have carried out the second pig breeding. "
Lin Guofa said that due to the behavior of holding down the fence and raising pigs for the second time, large pigs need more feed for a longer time. The demand for feed has improved under this factor. In addition, since March, the aquatic products have been introduced in succession, and poultry production capacity has continued to release.After March, although the feed demand still declined on a year-on-year basis, the decline was significantly reduced, and there was a substantial increase on a month on month basis. The increasing trend of feed demand on a month on month basis continued in April, and even in April, the feed demand may no longer decline on a year on year basis, which also supported the recent rise in soybean meal prices.
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