Bulk prices have been falling for more than a year and a half and the price was clearly downward in April as well. However, the end of the ongoing downward trend appears to be in sight.
The price of A-lump fell by €5,50 last month to €305 per tonne, the lowest level since the beginning of 2022. Pork chunks fell by €6,50 to €292 per tonne. The price of other pig and cattle feeds also fell, according to data from Wageningen Economic Research (WUR).
Even before 21e There has been a downward trend for months in a row. Never before has a downward trend lasted for so long since the WUR (and in the past the LEI) started tracking prices since 2003. It should be noted that this was preceded by a record revival, as a result of the Russian invasion of Ukraine. In the meantime, prices are back at the top of the 'old levels' and that raises the question of how long the downward trend will continue.
Compound feed price indicator
The compound feed price indicator of Boerenbusiness that foresees the price drop meat pig chunk will continue for a short time, until approximately mid-July. The prices of cattle feed The expectation is that they can continue for a little longer. The wheat price on the Matif has been hovering around €210 per tonne since mid-April. Physical wheat prices have also been on the rise again since March. In recent months, a premium had to be paid for grain corn compared to wheat, but that is no longer the case. The soy price what to do now that part of the harvest has fallen into the water.
As far as price developments on the commodity markets are concerned, much will also depend on the weather in the important grain growing regions in the coming period, because the markets are increasingly becoming weather markets. We are also looking forward to the WASDE report, which will be published next Friday (May 10).