November 8, 2021 domestic feed raw materials market summary

Operating tips: analysts predict that most soybean crops will be harvested and sold this week due to the US soybean harvest and listing, and the recent sunny and dry weather in agricultural production areas is conducive to field work. Brazil's soybean sowing in South America went smoothly. According to the current situation, Brazil's new soybean will be harvested and listed from mid-to-late January, intensifying the export competition of US soybean in mid-January. CBOT soybean futures market closed down for the third consecutive trading day. Domestic imports of soybeans fell 41% year-on-year to 5.1 million tons in October. Poor squeezing profits in the early stage and the impact of the US hurricane on corporate purchasing enthusiasm were the main reasons for the expansion of soybean imports. At present, although the soybean meal inventory of the oil factory is low, the downstream demand is sluggish due to poor breeding profits and soybean meal reduction and substitution. The soybean meal transaction of the oil factory is relatively light. In addition, the strong operation of soybean oil is not conducive to the rebound of soybean meal price. The oil factory lacks the power to support soybean meal. Under the background of high global soybean yield, the soybean meal cost is obviously affected by the decline of imported soybean price.

Cottonseed meal is stable and weak. New season cottonseed supply is increasing, oil plant start-up rate, the new season cottonseed meal supply pressure gradually appears, superimposed cottonseed meal cost-effective disadvantage is obvious, feeding enterprises on cottonseed meal demand shrank significantly, its short-term market presents a weak pattern of oil strong meal, bad cottonseed meal, it is expected that in the short term cottonseed meal prices to weak operation mainly.

Recently, the European and American markets rose, domestic prices fell back to the annual low, whey powder market prices upside down, traders are reluctant to increase the willingness to sell, the price bottomed out.

Today VE market is 90-95 yuan/kg, and this week the European market is offering 10.5-11.5 euros/kg. Market sources said that Yimante VE factory plans to stop production and upgrade in mid-September for 6 weeks. On September 23, the market reflected that there are factories in Europe that plan to cut production from October to November. On October 18, the market said Xinhe raised its price to 98 yuan/kg. On October 21, the quotation of BASF vitamin and carotene products increased by 15% ~ 20%. On November 5, Zhejiang Medicine raised its price to 108 yuan/kg, and the market was stable and strong.

Pig prices rose sharply over the weekend, with the average price of three yuan outside the country rising to more than 17 yuan/kg, while pig prices in Zhejiang, Hunan, Chongqing and Sichuan in the southwest rose to more than 18 yuan/kg. Affected by the new wave of new crown epidemic expansion, many provinces and cities in order to block the spread of the epidemic sealing control, resulting in a decline in the circulation of pigs, slaughtering enterprises to collect pigs more difficult, price increases to collect pigs. Superimposed on the recent Ministry of Commerce to promote residents to reserve a certain amount of daily life emergency supplies, reserve vegetables, meat, grain, etc., local areas appear to grab grain and meat phenomenon, to promote the rise in pig prices, weekend pig prices quickly rose above 17 yuan/kg. However, on the whole, we have been suggesting that the market is short of pigs and meat. Pig prices in some areas have shown signs of correction, and the increase in pig prices has gradually narrowed.

The price of pheasant pheasant dropped slightly today. At present, the price of eggs is callback, the price of chicken is relatively high, the elimination mood of farmers is rising, the elimination amount is rising, the number of old chickens can be panned has increased, the supply of chicken is slightly increased, it is expected that the overall trend of chicken prices this week is weak.

Today, the price of white feather chicken continued to rise slightly. At present, the price of broilers continues to rise, but the increase is small, the profit of the breeding end is still limited, the willingness of farmers to be bullish is urgent, the number of chickens on the market is not large, and the enthusiasm of slaughtering enterprises to purchase is still not high. Pig prices rose back over the weekend and by a large margin, and there is still some room for meat and poultry prices to rise. It is expected that the overall price of meat and chicken will continue to be strong next week.