Oilseeds Soymeal Inventory Falls Slightly as Feed Demand Holds Steady China’s soymeal market appears to have found a bottom at the start of May. Feed demand, driven by the poultry and aquaculture sectors, has pushed both cash and future prices gradually upward since the first week of this month. Still, the uncertainty regarding African swine fever (ASF) continues to play havoc with market prices for live pigs, and the direction for new investment is cloudy. The net result was a weekly decrease of just 3,800 MT (-0.6 percent) in China’s estimated nationwide soymeal inventory, bringing the total to 612,800 MT as of 24 May 2019 or 543,300 MT (-47.0 percent) less than the same week a year ago. At the regional level, those stocks i...