date:Jul 09, 2018
hen there is no need for US beans. The industry always adjusts this. When I was a child we never used soybean meal, we just fed animals corn, he said.
China has huge corn stockpiles, although many in the audience expressed surprise that soymeal could be replaced so easily, suggesting that animals will grow more slowly due to lower protein content and forcing up meat prices a dynamic the government has been keen to avoid.
Likely impact: unknown
China pays up
Current delivered prices from the