Doug Werling from Bower trading on USFR thinks that the tariffs that China put on soybeans lead to rationing beanmeal (remember talk of 11% protein finishing rations a few months ago?). that all was responsible for less demand.
If cutting the protein in rations was some kind of secret holy grail in feed cost control, why doesn`t everyone do it all the time? because it doesn`t work in the long haul.
They get rolling on markets at about 10 minutes.
https://www.agweb.com/usfr/
