China’s soymeal futures slumped on growing concerns that a resurgence in African swine fever outbreaks in the country’s huge hog herd will hit demand for the key animal feed ingredient in coming months.
China’s most actively traded soymeal futures on the Dalian Commodity Exchange for delivery in May fell 4.3% to 3,176 yuan ($488.78) per tonne in morning trade, closing down 3.56%, the biggest daily decline in more than two years.
