Compound feed prices with wheat and grain maize also increased

Figures from Wageningen Economic Research (WER) show that pig feed increased by €2 in October to €303,50 per tonne. This is the highest level since February. Sow feed increased in the same order of magnitude and piglet feed also became more expensive. In cattle feed, A feed increased by €1,50 to €305,50 per tonne, while B feed is one of the few feeds that is maintaining its price. Calf feed also increased. Silage maize kernel feed did show a decrease, as a result of increasing supply due to the harvest this autumn.

Rising commodity market
The higher pellet prices are a result of the rising raw materials market. The physical wheat prices recorded in Rotterdam rose to almost €245 per ton in December. This is the highest level since the spring of 2023. Wheat is also more expensive than grain maize again. In recent months, wheat was worth buying, which is why there is a relatively high share of wheat in rations. Barley, which was still favourably priced in the summer, has risen relatively more sharply and is now listed at €229 per ton.

Wheat and grain corn have also become more expensive on the futures markets in Paris and Chicago, although physical prices are currently leading. The latest Wasde report from December was also bullish for wheat and corn. In addition, the export restrictions imposed by Russia from February are causing less export from that country. The markets are also reacting to this.

Logistic problems
Furthermore, feed companies report disrupted supply logistics by water. The Moselle is expected to remain closed to shipping until the end of March, after a cargo ship damaged a lock in early December. This is hampering the supply to the factories. The supply of wheat semolina is also tight as a result, according to the market. According to Koninklijke Binnenvaart Nederland (KBN), the incident has had a major impact, but the damage cannot yet be estimated.