November 4, 2021 domestic feed market summary


hand drawnBased on feed service animal husbandryhand drawn

 

MARKET COMMENTARY-FOCUS

corn]

 

 

Corn prices shock higher. New season corn moisture is high, high-quality corn supply moderately tight, feed enterprises in the early general inventory is not high, replenishment demand gradually recovered, promote corn spot 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 season 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 corn price in the latter half of the western half of the month has the chance of another weak correction.

 
 

soybean meal]

 


Operation tips: according to the weather forecast, the low temperature and dry weather in most parts of the Midwest and the Great Plains of the United States will help soybean harvest and market. The soybean producing areas in Brazil and Argentina in South America have better weather and sowing work is progressing smoothly. International crude oil futures are lower, long positions are closed and selling and technical selling are active. CBOT soybean futures market closed down. Domestic oil plant operating rate increased but downstream feed farming enterprises to pick up goods slowly, so that the recent low soybean meal stocks are expected to rebound. The rising cost of feed has led to poor demand for soybean meal at the livestock and poultry breeding end, which is already at a loss or with low returns. In addition, the impact of the national comprehensive implementation of the feed formula adjustment plan for low-protein diets such as coarse cereals, coarse meal and grain processing by-products on the reduction of soybean meal demand has already appeared. In addition, the high price of soybean oil has caused low stocks to strongly support soybean meal prices. In the United States soybean yield pressure and South American soybean production prospects are expected to be good background of loose market supply, oil strong meal weak pattern continued to strengthen, soybean meal market is still expected to continue the weak market in the near future.

 

rapeseed meal]

 
 
Rapeseed meal more stable. Zheng meal rebounded today. Spot is multi-dimensional stability. Aquaculture peak season is basically over, rapeseed meal demand gradually decreased, its support decreased, superimposed on the loss of pig farming, protein meal demand is not good, but the global rapeseed is expected to be tight, imported rapeseed is expected to cost high, the late import volume decreased significantly. Under the influence of the superimposed power rationing policy, the starting rate of rapeseed in oil plants continues to decline, and the stock of rapeseed meal drops slightly. Under the condition of no goods and weak demand, the market has no intention to support the price and offers very little. It is expected that rapeseed meal will follow the weak shock of soybean meal in the short term.
 
 

cottonseed meal]

 

Cottonseed meal is stable and weak. Cottonseed prices have fallen at a high level, and their cost support has declined. With the increase in the startup rate of oil plants, the supply pressure of cottonseed meal in the new season has gradually emerged. With the obvious disadvantage of the cost performance of cottonseed meal, the demand for cottonseed meal by feeding enterprises has shrunk significantly. Its short-term market presents a pattern of strong oil meal and weak meal. It is expected that cottonseed meal prices will be weak in the short-term.

 

[DDGS]]

 

 

DDGS local adjustment. 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.
 
 

wheat]

 
 
Today, domestic wheat prices are mainly stable. Recently, the market price fluctuates very frequently, and traders have a strong wait-and-see mentality. Most of the psychological prices are around 1.4 yuan/kg. In terms of milling enterprises, the supply of grain sources in the market is tight, and the inventory of manufacturers is mostly 7-10 days. However, the current price is already at a relatively high level. Factories are very cautious in purchasing and stock up on demand. Wheat prices will continue to run high in the short term.
 
 

grease]

 
 
On Thursday, as international crude oil futures fell, soybean sowing in South America progressed smoothly. U.S. bean futures closed down overnight. Ma Brown rose yesterday and closed today. Domestic Dalian soybean oil and palm oil futures fell and remained technically volatile. Domestic spot prices have been slightly adjusted with the market. Prices of individual oil plants have been lowered in 50 yuan. As stocks are still at a low level, palm oil production continues to be restricted by the shortage of people in Malaysian plantations, which supports the price of oil. At present, coastal one bean is 10400-10600, and 24 degrees is 10100-10200 yuan.
 
 

Super steam fish meal]

 
 
The external market continues to remain strong, the current fish meal external CNF reference $1720/ton, and Peru's new season fish meal pre-sale volume of about 100000 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, with the actual transaction price mainly negotiated. At the same time, as the temperature drops, the demand for aquaculture decreases, the demand for fish meal decreases, and the short-term price fluctuation of fish meal is limited. At the same time, pay attention to the results of fish resources, quota announcement 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.
 
 

lysine]

 
 
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.

 
 

methionine]

 
 
Today, methionine 22-23.8 yuan/kg, foreign media reported that Xijie stopped the spot supply to the European market due to the uncertainty of production reduction. On October 8, the market said Evonik methionine raised its price 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. September import volume rose sharply month-on-month, the market price consolidation.
 
 

Vitamin A]

Today, it is VA285-315 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%. The market is high and the price is high.

 

Vitamin E]

Today VE 87-95 yuan/kg, this week the European market rose to 8.6-9 euros/kg. Zhejiang Medical Changhai Biological Industrial Park has been overhauled for 45 days since July 25. The market reflected that there is a factory to stop reporting the willingness to raise prices, this week's purchase and sales active, strong operation. 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.

 
 

Outer three-yuan pig]

Today, pig prices have fallen more and risen less, and the rebound in the northern region has not been sustained. Today's decline is relatively obvious, with most areas in the southwest mainly rising. At present, the price of pigs is obviously stagnant, mainly because the market lacks pigs and meat. After the price of pigs rises, the wholesale price of white bars and the retail price of pork rise, the demand side begins to resist, and the production of cured products also slows down. Superimposed on the new round of epidemic, has now involved more than a dozen provinces and cities, some areas once again suspended gathering entertainment activities, going out to dinner also decreased, the impact on consumption again, the entire economic environment is also under pressure again, the market demand has a certain negative impact. We expect the prediction of weak pig price volatility during the first half of November to remain unchanged.

 
 

egg]

 

 

Today, egg prices continue to rise slightly. The increase in egg prices during this period is mainly determined by the relationship between supply and demand. First of all, on the supply side, due to the significant decrease in the number of laying hens in June and July, the number of newly opened laying hens will continue to decrease month-on-month; from May to July last year, the number of laying hens will continue to rise, and the number of laying hens will continue to decrease in the fourth quarter. With the advent of early winter, the laying rate of laying hens across the country was suppressed, and egg production continued to decline month-on-month. At present, the local supply of goods in the main northern production areas is mainly for domestic sales, and the external sales volume has been greatly reduced, and there are not many surplus goods in all aspects of the market. In addition, the high volatility of pig prices and vegetable prices has a certain boost to the consumer demand in the egg market, and egg sales are better. In the case of demand greater than supply, the rise in egg prices is supported, but the continued high egg prices will inhibit the consumer desire of residents, it is expected that this week's egg price volatility is strong finishing.
 
 

Knockout Chicken]

The price of phaseout eggs rose slightly today. At present, egg prices are high and egg supply is tightening. Farmers have a certain mentality of cherishing panning. In November, the number of old chickens that can be panned will gradually become loose. In addition, the current price of panning chickens is acceptable. The probability of a small increase in the total supply of panning chickens is relatively high, but it is still in a relatively tight state. It is expected that the overall trend of panning chicken prices will fluctuate strongly this week and start or gradually.
 
 

white feather meat chicken]

 
 
Today, the price of white feather chicken continued to rise steadily. 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 enthusiasm of slaughtering enterprises to buy is still not high, the supply side or moderately tight. Later pig prices still have room to rise, meat and poultry prices still have some room to rise.
 
 
 
 

white feather broiler seedlings]

 
 

Today's white feather broiler seedling price stagflation correction. At present, the speed of hatching enterprises is not fast. Although the price of white feather chicken continues to rise, the increase is small, and the market is in a state of loss. Farmers are holding a wait-and-see attitude towards the price of white feather broilers in the future. The amount of supplement is limited. The market demand for chicken seedlings is insufficient and the price of chicken seedlings continues to rise. It is expected that the price of chicken seedlings will be weak in the second half of the 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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