The soaring prices of soybean meal caused the cost of farming to soar. Farmers clamored for losses. Since the beginning of September, the price of soybean meal has dropped significantly, and the futures and spot prices have fallen by more than RMB 400/t. However, reporters learned from the farmers that due to the fall in post-holiday pork prices, the situation of the pig industry has not improved and is still struggling near the break-even line.
Soybean meal down over 400 yuan / ton <br> <br> soybean prices fell markedly since the beginning of September, the Dalian Futures Exchange, soybean meal futures contract since September 4 hit all the way down after the 4369 yuan / ton record highs yesterday The closing price was 3,896 yuan/ton, and the accumulated decline has exceeded 400 yuan/ton. Soybean meal prices in the spot market also fell simultaneously. Li Zhiming, Guangdong Coban Feed Sales Manager, told reporters that yesterday, more than 46% of high-protein soybean meal factory prices in 4200 yuan / ton, plus the cost of shipping to the factory after the 4300 yuan / ton; and the highest price in early September when the ex-factory price To reach 4,700 yuan / ton.
Corn is also the main feed material for the aquaculture industry. Daizoku’s corn futures prices have started to fall since mid-August and have fallen by more than RMB 100/t.
The decline in the price of soybean meal and corn has significantly reduced the cost of aquaculture companies. Yi Lifang, head of the Baishi pig farm in Sanxiang Town, Zhongshan City, gave an account to the reporter and raised a pig to consume 600 kilograms of soybean meal. The price of soybean meal dropped by 400 yuan per ton and fell by 0.4 yuan per kilogram. This was a breeding cost for a pig. Soybean meal can save 24 yuan.
Pork prices began to fall after the holiday <br> <br> However, feed costs decline, while pork prices have been declining. The price of live pigs has dropped significantly since entering October. According to data from Ruiqi data, the average price of live pigs in all provinces on October 8 was 14.53 yuan/kg, down 0.02 yuan/kg from the previous day, a decrease of 0.14%, and a decrease of 0.08 yuan/kg from October 1, a decrease of 0.55%.
Yu Lifang told reporters that the latest purchase price of live pigs was between 7 yuan and 7.1 yuan a pound, some time ago from 7.3 yuan to 7.4 yuan a pound, so although the cost of feed decreased, but the hog prices fell, the profits of pig companies did not improve The profit of raising a pig in the factory is still only tens of dollars. Zhu Guangxin, an analyst of Zhuo Chuang Information Ji Guangxin, also told reporters that according to the current national average hog prices, the pig food ratio yesterday was 5.97:1, still below the breakeven line of 6:1. Raising a pig can earn up to 100 yuan.
The situation of the pig industry is still not optimistic. Although the price of soybean meal continues to be bearish, after the Mid-Autumn Festival and National Day, the price of pork tends to decline seasonally. “The demand for pork this year is not very strong. After the National Day holiday, it will enter the off-season. Therefore, it is difficult for prices to rebound. Then the price of live pigs will go up and down, and it will not drop much. It is a dilemma,†said Ji Guangxin.
Soybean meal down over 400 yuan / ton <br> <br> soybean prices fell markedly since the beginning of September, the Dalian Futures Exchange, soybean meal futures contract since September 4 hit all the way down after the 4369 yuan / ton record highs yesterday The closing price was 3,896 yuan/ton, and the accumulated decline has exceeded 400 yuan/ton. Soybean meal prices in the spot market also fell simultaneously. Li Zhiming, Guangdong Coban Feed Sales Manager, told reporters that yesterday, more than 46% of high-protein soybean meal factory prices in 4200 yuan / ton, plus the cost of shipping to the factory after the 4300 yuan / ton; and the highest price in early September when the ex-factory price To reach 4,700 yuan / ton.
Corn is also the main feed material for the aquaculture industry. Daizoku’s corn futures prices have started to fall since mid-August and have fallen by more than RMB 100/t.
The decline in the price of soybean meal and corn has significantly reduced the cost of aquaculture companies. Yi Lifang, head of the Baishi pig farm in Sanxiang Town, Zhongshan City, gave an account to the reporter and raised a pig to consume 600 kilograms of soybean meal. The price of soybean meal dropped by 400 yuan per ton and fell by 0.4 yuan per kilogram. This was a breeding cost for a pig. Soybean meal can save 24 yuan.
Pork prices began to fall after the holiday <br> <br> However, feed costs decline, while pork prices have been declining. The price of live pigs has dropped significantly since entering October. According to data from Ruiqi data, the average price of live pigs in all provinces on October 8 was 14.53 yuan/kg, down 0.02 yuan/kg from the previous day, a decrease of 0.14%, and a decrease of 0.08 yuan/kg from October 1, a decrease of 0.55%.
Yu Lifang told reporters that the latest purchase price of live pigs was between 7 yuan and 7.1 yuan a pound, some time ago from 7.3 yuan to 7.4 yuan a pound, so although the cost of feed decreased, but the hog prices fell, the profits of pig companies did not improve The profit of raising a pig in the factory is still only tens of dollars. Zhu Guangxin, an analyst of Zhuo Chuang Information Ji Guangxin, also told reporters that according to the current national average hog prices, the pig food ratio yesterday was 5.97:1, still below the breakeven line of 6:1. Raising a pig can earn up to 100 yuan.
The situation of the pig industry is still not optimistic. Although the price of soybean meal continues to be bearish, after the Mid-Autumn Festival and National Day, the price of pork tends to decline seasonally. “The demand for pork this year is not very strong. After the National Day holiday, it will enter the off-season. Therefore, it is difficult for prices to rebound. Then the price of live pigs will go up and down, and it will not drop much. It is a dilemma,†said Ji Guangxin.
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