As reported by Chinese Fodder Industry Information Network on July 31, due to the recent inflation and stockpiling by oil factories, they have reduced production and urged buyers to take away expired contracts to alleviate inventory pressure. However, with the weak running of soybean meal prices, feed and breeding companies are cautious in purchasing, resulting in slow soybean meal outflows from factories and a continuing upward trend in soybean meal inventory. Currently, it is the hottest time of the year, and the feeding amount for pigs and poultry will decrease, limiting the demand for feed and soybean meal and further pressuring prices. With soybean meal supply remaining in a loose position and the peak demand season not yet arrived, even if the factories reduce production to decrease soybean meal supply, if there is no drought in the soybean crop area in the Midwest of the United States during the most critical stage of soybean pod development, factory price increases will be limited, and the soybean meal market will continue to be in a weak and volatile state.