The relative prices expressed in US$ per short ton for corn, soybeans and soybean meal, March delivery, were downloaded from the Dalian Commodity Exchange website reflecting major contracts at close of trading on February 26th. These values were compared with the spot price at 15H00 on the CME as indicated
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Commodity
|
Dalian CE
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52-week range
|
CME 02/26
|
|
Corn
|
$396*
|
N/A
|
$199
|
|
Soybeans No 1
Soybeans No2
|
$822*
613*
|
N/A
|
$469
|
|
Soybean Meal
|
$525*
|
N/A
|
$424
|
* short ton with exchange rate CNY 6.48=US$1
It is evident that due to the higher price of feed, producers of hogs, eggs and conventional broilers in China are at a disadvantage in production cost compared to their counterparts in the U.S. and Brazil.
Large eggs (57g) traded on the Dalian exchange at 51 cents per dozen.