Beef chunk price is approaching its end

Co-author is Wouter Baan 

Since April, the prices of beef chunks have been steadily decreasing and this downward trend has continued in October. This yields a price of €20,80 per 100 kilos for standard chunk A. It puts the correction since April at 1,9%. This is an illustration of the plane wheat quotation in Rotterdam. While this was €174 per tonne in April, in week 44 the price is €173 per tonne.  

Compound feed price indicator up 
After months of decline, the bottom is starting to come into view for A-brok. The compound feed price indicator shows a slight increase for November. This is not an impressive increase. Another side note is that November has only just started, so the price can still go in any direction.

Not only A pellet became cheaper, but also protein-rich pellet and silage maize core pellet decreased. For example, the price for protein-rich chunks amounts to €23,80 per 100 kilos and silage maize core chunks cost €30,35 per 100 kilos.   

Barley and wheat quite stable
Palm kernel flakes are dominant in beef chunks. Next come wheat and barley. The latter continue to record below the 5-year average. In the first week of November, barley had the opportunity to achieve a price of €166 per tonne. The highest ranking this year, but still well below the long-term average.

The trend towards the end of the year is generally slightly upward. Also wheat notes flat and remains below the 5-year average. Ample stocks mean that there is only a small risk of higher prices. November starts with higher price.