Domestic soy feed prices soaring analysis said or boosted CPI higher

According to Voice of China's "National News Network," the price of soybean meal in China has soared recently. The current price of 4,500 yuan per ton in the spot market has surpassed early rice and wheat. Experts believe that the rise in the prices of basic agricultural products will put pressure on the CPI that has just fallen back to low levels.

The status quo of Meng is a big pork producer in Liaocheng, Shandong Province. More than 30,000 pigs from his family farm this year have lost about 50 yuan per pig because of feed price increases such as soybean meal.

The status quo in Bangladesh: The main reason for the loss is the increase in food and feed prices. Soybean meal has gone up by 800 yuan compared to the original one ton, and corn has risen by 200 to 300 yuan and a ton compared to the original. This year, the price of pigs has been bad since February and has been falling.

Since the beginning of this year, the prices of domestic soybean meal soy all the way up, from the beginning of the year not more than 3,000 yuan per ton to the current 4,500 yuan per ton, more than half of the increase in more than half a year, and the price of early rice in foods is only 2,800 yuan per ton. Wheat futures have a lower price level and are currently hovering around 2,500 yuan per ton.

According to Cao Yanhui, analyst of Guoxin Futures Dalian Sales Department, due to the drought of major importers of raw materials in Brazil, Argentina, and the United States, the price of soybean raw materials in China continued to rise.

Cao Yanhui: There is a possibility that the US soybean yield may continue to be lowered. Compared with August's 36.1, it will be downgraded a lot. It is expected to be 34.8. From the perspective of U.S. exports, U.S. export sales in 2012-2013 reached 56%, and high prices did not restrain demand. The inventory of beans in the new and old seasons will reach a very tense situation.

As a protein feed, soybean meal is the main feed source for livestock and poultry and aquaculture, and it is not easily replaced. Experts believe that the follow-up effect brought by rising feed prices will be rising prices of pork, vegetables, eggs, milk and many other products.