date:Jan 17, 2013
ause our prices are too high, he said.
Mr. Feltes added that China has been keeping a lid on the cost of its animal feed where most of the corn bought or grown in China ends up by substituting cheaper soybean meal. He said a record amount of soybean meal has been fed to swine in China recently.
While Mr. Basse of AgResource noted that Chinese corn is about $9.60 a bu and therefore well above U.S. prices, the Chinese seem to be eager to provide internally for the vast majority of the countrys