What is the reason behind the long-awaited surge in soybean meal?

When it comes to soybean meal, I believe many people may be unfamiliar with this thing, but when it comes to pig feed, everyone is more familiar with it. This soybean meal is the most important component of pig feed, so its price It directly determines the price of pig feed. The price of soybean meal has been relatively stable before. This time it has experienced a long-awaited surge, which has also led to a surge in the market value of soybean meal in the stock market. The reason for this increase is mainly due to the impact of the weather and the production of soybeans. Argentina, the main player, has seen a sharp decline in soybean production due to drought, and the United States may also be affected by the weather, so the price of soybean meal has begun to rise, and the soybean meal stock market may have been relatively high before.

1. The reason behind the long-awaited surge in soybean meal is that Argentina, the main country that produces soybeans, was severely affected by the disaster.

Everyone knows that our country is a big country that produces food. However, the crops produced in our country are mainly rice, wheat and corn. Soybeans are mostly produced in countries such as Argentina and the United States. This time there is a big increase in soybean meal. The main reason for the increase is that soybean production in Argentina, the main country that produces soybeans, has dropped sharply due to a severe drought, causing soybean meal prices to begin to rise.

Secondly, the United States may also be affected by La Nina weather, resulting in a decline in soybean production.

Another reason for the increase in soybean meal is that according to the weather bureau, the United States may be affected by La Ni?a weather. This kind of weather will keep the local area in a high temperature state. The lack of water in soybeans will naturally reduce the production, because it has already The forecast may be like this, so the price of soybean meal has risen a lot.

3. The price of soybean meal is related to whether the costs of many industries will increase. The prices of some aquatic products and livestock may rise in the second half of the year.

Soybean meal is not only an important raw material for the production of pig feed, but also a raw material for some aquatic products and animal food, so its price has increased. The price of these things may rise in the second half of the year. The editor hopes that this situation will not happen appear, otherwise prices will definitely rise again.