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	Podcast:		RaboResearch Agri Commodities
	Episode:		The Impact of ASF on Chinese Feed Demand
	Category:		Business
	Duration:		00:10:08
	Publish Date:		2019-08-01 11:28:53
	Description:		In this joint Rabobank ACMR & FAR Asia podcast, G&O expert Lief Chiang joins ACMR analyst Michael Magdovitz to discuss his outlook for China’s soymeal and feed usage through 2020. In 2019, African Swine Fever-related culling of up to 50% of China’s hog herd, with further downside possible, will reduce soybean imports and meal usage year-on-year. Reductions will be muted and short-lived, however, relative to hog and feed usage losses, thanks to a combination of higher feed inclusion rates of low-cost (relative to alternative meals) soymeal, increased demand from poultry and aquaculture, and others. By 2020, Lief expects soybean imports to resume a modest growth, even without a US-China trade deal, although import volumes will remain below their historic highs. The podcast concludes with a supply-side review of corn and soybeans, with Michael providing a review of Rabobank’s 2019/20 US production estimates and a view on whether the crop could see supply-side reductions sufficient to offset the demand weakness from China and in turn support CBOT prices. The content of this podcast is for information purposes only. Review our disclaimer here.
	Total Play:		0