Inside: Feed market
Price of standard chunk A continues to fall
The new Compound Feed Price Indicator from Boerenbusiness already predicted price relief for Standard Chunk A in June and that forecast has come true. Other cattle chunks are also falling in price. Will the downward trend continue?
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Choose the subscription that suits youBased on current knowledge, the downward trend is expected to continue throughout 2017. It must be stated that feed raw material prices are in an uncertain period during the growing season in the US and Europe. This is due to the weather influences.
How does the Compound Feed Price Indicator work?
In the compound feed price indicator, the current price level is set at 100 points. The forecast predicts the expected price movement in deviating index points. For October this means a percentage price decrease of 2,5% compared to the price level in June. For example, in January the price level of Standard Brok A was below the price level in June (see graph). At that time, the price of Standard Brok A was set at €20,80 per 100 kilos. It is therefore expected that the price of Standard Brok A will shift towards such price levels in the coming months. The compound feed price indicator is exclusively for subscribers of Boerenbusiness readily available.
The graph shows the price of Standard Brok A, including the expected forecast.
Other cattle feeds
Other cattle feed prices also fell in June. The price of protein-rich chunks (B) fell 10 cents to €24,30 per 100 kilos. A significant decrease from €0,45 to €31,60 per 100 kilos is visible for silage maize core chunks. Rose calf chunks fell by 5 cents in price to €24,30 per 100 kilos. A similar price reduction to €23,70 is visible for beef bull chunks.