บทวิเคราะห์ (Research)

Over the past two weeks, domestic meat prices increased backed by growing demand ahead of Chinese New Year. However, weak consumption in China continued to pressure swine prices there. Feed prices declined from both global soybean meal and domestic corn prices, which is positive to meat producers. The USDA’s forecast for global soybean oversupply should be a major factor to keep the price of soybean meal at a low level in 2025. We reiterate our preference for domestic swine businesses and Betagro (BTG.BK/BTG TB)* remains our top pick.