Inside: Milk & Food
Beef chunk prices are moving in all directions
The upward trend in beef chunk prices will continue in April, but will decrease in strength. An exception is the price of maize core chunks, which is looking downwards for the first time since October. More for subscribers to Milk & Feed.
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Figures from Wageningen Economic Research show that the price of protein-rich chunks (B) has increased by 10 cents to 24,50 euros per 100 kilos. Standard chunk A also has a slight increase of one penny and amounts to 21,20 euros. The same increase is visible for beef bull chunks, which amounts to 23,75 euros. This means that the price increases are less extreme than in previous months.
24,50
euro
It is time for the listing of pink calf chunks. This remained at 26 euros. This is the highest level in almost a year and a half. As the only feed, silage maize core chunks break the rising trend in the market. A trend that has emerged across the board in recent months on the cattle feed market.
Strained commodity prices
Based on the declining commodity prices of wheat, corn and soy, it was expected that the feed market could stabilize this summer. However, the wheat price on the Matif has resumed its upward trend. This is the result of drought in the French grain areas. As a result, the Matif is betting on significantly higher prices on Tuesday, to above 170 euros per tonne. In America, wheat suffers from a surplus of water, which also drives up prices.
Corn, listed on CBOT in Chicago, responds to seeding delay. On Monday the price rose by 5 dollars to 145,37 euros per tonne. Soy also rose by $5 on Monday to $532,37 per tonne. If rising raw material prices continue, this will logically have an impact on the feed market.