There is a strong correlation between soybean and soybean meal, as can be seen from the following formula:

Squeeze profit = squeeze income-squeeze cost

= ex-factory price of soybean meal ×0.82+ ex-factory price of soybean oil ×0. 17- arrival price of soybean-120 (*)

-1% loss has been removed;

—— (*) This value is the average value of crushing costs in Northeast China, East China and South China.