South Korea: Formulated feed industry strives to prepare response measures to Middle East crisis

[Livestock News Reporter Kim Young-ran] Developing a plan according to the situation and seeking ways to minimize damage The domestic compound feed industry is closely watching the situation in the Middle East and is working hard to prepare countermeasures. According to the compound feed industry, as of the 10th, based on the Chicago Mercantile Exchange (CME), corn per ton was $295, feed wheat was $252, and soybean meal was $528 per ton, which is not much of a change compared to the 4th of the previous week, and the won-dollar exchange rate was 1 per ton as of the 10th. It was 1,350 won, down slightly from 1,356 won on the 4th of the previous week. This phenomenon is expected to continue to trend sideways at the level of $290-$300 per ton in the case of international corn, thanks to the forecast for increased grain production due to favorable climate. In the case of the exchange rate, it fell slightly due to the adjustment sentiment for the sharp rise in the exchange rate due ...