Inside: Milk & Food
The price of cattle feed continues to rise steadily
Prices for cattle rose for the fourth month in a row in March. This is evident from figures from Wageningen Economic Research (WUR). On average, prices rise between 10 and 25 cents per 100 kilos. Given that the soy price has fallen sharply, some price relief is on the horizon.
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Choose the subscription that suits youThe price of standard chunk A is 21,15 euros per 100 kilos in March. That is a plus of 10 cents compared to the month of February. This puts the listing at the highest level since September 2015. Protein-rich chunk B noted an increase in March from 0,20 euros to 24,40 euros per 100 kilos.
Calves and beef bulls were also fed slightly more expensively in March. Rose calf chunks increase by 25 cents to 26,00 euros. A similar increase is visible for beef chunks, which is worth 23,70 euros per 100 kilos.
Commodity prices provide relief
The feed market has been on the rise across the board since November. The upward trend is expected to continue for several more months. There may then be some price relief from the third quarter. Usually the feed market reacts, with some delay, to the movement of the commodity prices.
The soybean price on the CBoT in Chicago has been downgraded by $ 40 since the end of February. Wednesday, April 5, the closing price was $346,95 per tonne. The lowest level in more than a year. The price drop is a result of large area measurements before harvest van 2017.
Wheat on the Matif has also been mainly rising since November. There too, the trend has deflected since mid-March. Yesterday the closing price was 164 euros. The lowest level since November.