Chinese Soymeal prices soar to record highs

An already struggling Chinese hog market has been dealt another blow with soymeal prices hitting an all-time high in the market. Soymeal, which is usually the highest contributor to protein content in feed, has seen its highest prices ever due to shortages in the supply coming from South America, and impending shortages in Chinese markets. This tightens the noose further on the already struggling hog producers in China, and could, before long, lead to many exiting the hog raising business for more lucrative options.

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