November 8, 2021 domestic feed raw materials market summary


Market Commentary-Focus]



Corn prices continue to rise. Affected by the advent of the cold wave, a large area of rain and snow appeared in some areas, which affected transportation and the amount of new grain. The short-term cargo volume of enterprises was limited, and the purchase price continued to rise. The arrival time of winter in the main corn producing areas in the north this year is earlier than in previous years. The new corn receiving season has encountered heavy rainfall. The current corn moisture is still high, and the supply of low moisture and high-quality corn is moderately tight. It is expected that the overall corn price will continue to be moderately strong during the first half of November. The trend is dominated, and there is a chance of another weak correction in the second half of the month.


soybean meal]


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.


rapeseed meal]


Rapeseed meal more stable. Although the overnight U.S. beans continued to fall, but the oil fell, the formation of support for the meal class, today Zheng meal low shock adjustment, spot is expected to be multi-dimensional stability. The aquaculture peak season is basically over, the demand for rapeseed meal is gradually declining, dragging down the price of rapeseed meal, overlaying losses in pig farming, and the demand for protein meal is not good. However, the recent rebound in factory startup rate has increased rapeseed meal inventory, but the overall supply is still not much. Overlaying the expected tight state of global rapeseed, the expected high cost of imported rapeseed, the import volume in the later period is greatly reduced under the pattern of weak supply and demand, rapeseed meal is expected to follow the weak shock of soybean meal in the short term.


cottonseed meal]


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.




DDGS is stable and strong. Aquaculture demand is coming to an end, livestock and poultry terminal demand performance is flat, the lack of terminal procurement demand led to a decline in DDGS turnover, but the cost side is still high, DDGS is expected to be adjusted in a narrow range in the short term.




Today's domestic wheat prices are stable and strong. At present, the policy of wheat auction has been delayed, coupled with the weekend in North China ushered in cooling rain and snow weather, the market is worried about the impact on the growth of winter wheat in the new season, wheat prices continue to rise, the current production area prices have concentrated on breaking through the 1.4 yuan/kg mark. However, from this week's China Grain Storage Network adjusted the rotation wheat auction in Henan, Shandong, Xinjiang and Anhui to only flour processing enterprises to participate in the auction, it can be seen that the wheat price is rising too fast, which has attracted the attention of the state, and the subsequent wheat rise space is limited.




U.S. soybean electronics fell on Monday, depressed by the decline in the external market and the negative expectations of the two major reports to be released this week, domestic oil continued to panic, with palm oil and soybean oil futures falling more than 3%, focusing on MPOB and USDA supply and demand reports this week. The recent external market environment turned cold, U.S. crude oil, U.S. beans, U.S. soybean oil, horse brown oil price center of gravity are significantly down, long continuous reduction of positions to suppress the price of oil and grease disk. Spot follow-up plate down, the current coastal beans 10100-10300 yuan/ton, 24 degrees in 9800-10000 yuan/ton.


Super steam fish meal]


The external market continues to remain strong, the current fish meal external CNF reference $1720/ton, the actual transaction bargaining is the main, and Peru's new season fish meal pre-sale volume of about 140000 tons. However, the domestic imported fish meal market is firm and stable, with Peru's super steam grade fish meal quoted at 11400-11700 yuan/ton. At the same time, as the temperature drops, the demand for aquaculture drops, and the demand for fish meal decreases, so that the port fish meal inventory is still at a relatively high level, above 200000 tons. Short-term fishmeal price fluctuations are limited, while focusing on fish resource results and quota announcements to give market guidance.


whey powder]


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, lysine is 12.8-13.6 yuan/kg, corn prices are running at a high level, power rationing in northeast and Shandong regions affects factory starts, and manufacturers raise prices frequently. On October 13, Yipin 98 lysine was quoted as 11 yuan/kg, 70% lysine was quoted as 8 yuan/kg, and on October 14, east hope 70% lysine was quoted as 8.7 yuan/kg. On October 25, Chengfu 70% lysine quoted 8.9 yuan/kg. On October 27, plum blossom 98 lysine quoted 12999 yuan/ton and 70 lysine quoted 9188 yuan/ton. Market prices rose to high levels, the downstream wait-and-see mentality increased.




Today's methionine market is 21.2-22 yuan/kg. On October 8, the market said Evonik raised the price of methionine to 22 yuan/kg. On October 13, the market said solid egg manufacturers stopped reporting, domestic factory production is limited. October 18, hijay methionine offer 25 yuan/kg. In September, the import volume rose sharply month-on-month, the domestic liquid egg factory production resumed, the market price shock finishing.


Vitamin A]

Today's VA market is 290-315 yuan/kg. On October 12, BASF said that the VA1000 equipment upgrade is in progress and the saleable quantity cannot be provided at present. It is expected to update the information in mid-November. On August 25, Jindawei announced that the 800-ton VA oil project in the new plant area would be trial-produced, and the old plant area would be relocated in due course according to the trial-run situation. On September 14, the market said that due to the supply of sodium methoxide, DSM VA plant stopped production until the end of September, reducing production by 30% in the fourth quarter. On October 21, the quotation of BASF vitamin and carotene products increased by 15% ~ 20%. On November 5, the market said that Zhejiang medicine raised its price to 360 yuan/kg, and the market price was high.


Vitamin E]

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.


Outer three-yuan pig]

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.



Egg prices continue to pull back slightly today. On the supply side, the stock of laying hens is still limited, at a low level in the past five years. At present, the supply of eggs is tight, and there are not many surplus goods in all aspects of the market. The supply side is still showing a positive trend. The high volatility of pig prices and vegetable prices in the demand for eggs still has a boosting effect on egg prices. However, the high price of eggs still affects the digestion of the supply of goods. Traders are cautious in taking goods and selling them as they are. The citizens are resistant to the high price of eggs. In addition, Chengdu and other places, after the public moderately hoarded goods, the overall consumer demand decreased, and egg prices are expected to stabilize after a moderate correction in the first half of this week.


Knockout Chicken]


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.


white feather meat chicken]


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.



white feather broiler seedlings]


Today, the price of white feather broiler seedlings continues to pull back. At present, the speed of hatching enterprises is not fast. Although the price of white feathered chicken continues to rise, the increase is relatively small, and the overall trend of the broiler market is also weak. Farmers are holding a wait-and-see attitude towards the price of white feathered broilers in the future. The amount of replenishment is limited, and the market demand for chicken seedlings is insufficient. The price of chicken seedlings continues to rise. It is expected that the price of chicken seedlings will be weak first and then strong this week.

Note: The daily quotation summary deadline for each variety is 11:30, and the difference in statistical time will cause a small difference in the price of the day.

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