Current location - Trademark Inquiry Complete Network - Futures platform - Soybean meal futures risk
Soybean meal futures risk
Introduction: It ends in April and opens in May! In the domestic agricultural product market, in April, the aquaculture industry ushered in "Xiaoyangchun". The prices of eggs and live pigs rose rapidly, and the soybean meal market fell sharply. The pressure of fattening cost in aquaculture has dropped sharply, and the spring of farmers has come!

In the domestic egg market, in early April, the national average wholesale price of eggs hovered around 4.35 yuan/kg. However, at the end of April, the average wholesale price of eggs rose above 5 yuan/Jin, and the price soared by 5. 17 yuan. In stages, the price of eggs rose by 0.82 yuan/kg, an increase of 18.9%! Especially at the end of April, due to the problem of masks in Beijing, the demand for replenishment in the wholesale market increased sharply, and the average price of eggs arrived rose sharply, which also drove the price of eggs in the surrounding provinces and cities to rise. The market is quite "rocket egg". In just three days, the price of eggs rose by nearly 4%!

It is understood that the price of eggs does not take the usual path. After the Spring Festival in the Year of the Tiger, the price of eggs rose frequently, mainly due to the shortage of laying hens at the breeding end and the limited number of newly opened laying hens, while the number of eliminated chickens continued to increase, resulting in a tight egg inventory in farms. However, due to the mask problem in the terminal market, there are different levels of replenishment needs. Under the game of supply and demand, the cost of superimposed feed is high, and farmers have the feeling of raising prices, which also promotes the rise of domestic egg prices!

However, in May, with the rapid rise of domestic temperature, the temperature in most parts of the north and south gradually rose to 30℃, making it more difficult to store eggs. However, due to the average performance of the terminal market, I personally predict that the price of eggs may fall back. In some high-priced areas, there may be room for the egg price to fall by 0.2~0.5 yuan/kg!

In the hog market, in mid-April, the hog price rose against the trend, and the domestic hog price continued to rise from 12.33 yuan/kg. In May, the pig price rose to 15.04 yuan/kg, and the staged pig price rose by 22%! However, the bullish sentiment in the market is still very strong. In the north and south of China, the price of pigs has generally risen to the "7 prefix", while in the high-priced areas in the south, the price of pigs has risen to the "8 yuan era"!

This round of pig prices rose sharply. Personally, due to the strong bullish sentiment in the domestic pig market after the third quarter, the price of pig futures rose in June 5438+ 10, which also gave new opportunities for piglets to fatten. The piglet market sentiment is high, and the domestic piglet market has risen sharply. Among them, the price of 7 kg piglets rose by nearly 80~ 100 yuan/head, and the price of piglets also climbed to around 480 ~ at the end of April. The soaring price of piglets has intensified the bullish sentiment of the spot pig price in the market, and the enthusiasm of farmers for slaughter is weak. The slaughter plan of large pig enterprises has been completed, and the supply of pigs is tight. In the case that retail pig farms are reluctant to sell at extremely high prices, market slaughter enterprises are facing greater procurement difficulties, which has also continuously pushed up the performance of the domestic pig market!

At the same time, the domestic soybean meal market also fell sharply in April. As we all know, after March-April, with the continuous increase of soybeans imported from Hong Kong, the inventory of downstream oil plants is gradually sufficient, the supply of soybean meal in the market is gradually relaxed, and the domestic soybean meal market is also rapidly cooling down from the previous 5,400 yuan/ton! Among them, the average domestic soybean meal price fell to 4476.3 yuan/ton in April. Compared with the average price in March, the soybean meal market fell by 466.8 yuan/ton, and the soybean meal price fell by 9.4%!

The plunge in the soybean meal market has also led to a decline in the breeding cost of the domestic pig market. According to institutional analysis, due to the drop in soybean meal price, the cost of pig fattening has dropped by about 0.6~0.8 yuan/kg. This round of pig price increase has also greatly eased the pressure on farmers to lose money!

Therefore, based on the sharp rise in the domestic prices of live pigs and eggs, laying hens have entered the stage of overall profitability, but for the live pig market, farmers still have a lot of losses. However, with the decline of soybean meal market and the further bullish sentiment of live pig price in the market, after entering June, the live pig market will gradually get rid of the loss stage, and the spring of farmers is coming!

Soybean meal plummeted by 9.4%, pig price rose by over 22%, and egg price rose by 18.9%. The spring of aquaculture is coming! What do you think of this? The above is the author's personal opinion, and the pictures are from the Internet! # Soybean meal price #