Inside: Feed market
Feed barometer: standard kibble A continues to fall
DThe prices of cattle feeds are again looking down for August. The odds are going down across the board. This is evident from figures from Wageningen Economic Research. Where do we see the biggest declines?
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Choose the subscription that suits youThe price of standard chunk A drops by €0,05 to €21,05 per 100 kilos. This is the third month in a row that the change has been downward. The downward trend is expected to continue, according to the report Compound feed price indicator. Feed prices are expected to fall at least until February 2018.
Wheat price weighs heavily
Wheat is represented for a quarter in standard chunk A. The wheat price on the Matif is under considerable pressure and closed on Wednesday September 6 at €153,25 per tonne, more than €10 below the 5-year average. The undertone of the European wheat market is weak and price trends are pointing downwards.
Historically, the wheat price is under further pressure in the second and third quarters. The wheat price often rises in the fourth quarter. However, it remains to be seen whether this scenario will also hold true this year.
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The development of the wheat price (€ per tonne) on the Matif since March 2017.
Other feeds also down
The price of protein-rich chunks will decrease by €0,10 to €24,10 per 100 kilos in August. The price of pink calf chunks also drops by €0,10 to €25,80 per 100 kilos. Beef bull chunks have been reduced in price by €0,05 to €23,65 per 100 kilos.
The largest decrease is for silage maize core chunks, which drops by €0,25 to €30,95 per 100 kilos.