Soybean meal prices rise again with demand from pig and poultry farmers.

Soybean meal prices closed 2025 in recovery, after months of depreciation in the domestic market. Data from the Center for Advanced Studies in Applied Economics (Cepea) indicate that the recent rise is mainly driven by the restocking by pig farmers and poultry farmers. In addition to the higher demand, the appreciation was reinforced by the drop in the supply of the derivative in the spot market, a result of the closure of soybean crushing activities in various processing industries throughout the second half of the year. According to Cepea, meal prices reached, in several monitored regions, the highest levels since April. The combination of low availability and the need for supply from producers boosted the market in the last weeks of the year. Soybean meal, an essential input in the formulation of animal feed, has a direct influence on animal production costs. Therefore, its fluctuation tends to impact other agribusiness chains, ...