Inside: Feed market
Will the rising price of cattle feed continue?
The price of Standard Chunk A shows an unexpectedly sharp increase in February. Will this price increase continue, or is a leveling off now close?
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Choose the subscription that suits youIn the past month, the price of Standard Brok A has increased by €0,25 to €21,55 per 100 kilos, according to recent figures from Wageningen Economic Research (WUR). This puts A-brok at its highest level since August 2017 compound feed price indicator does not foresee that the upward trend that started in November will continue. A price-containing listing is most likely in the coming months.
Feed wheat is considerably more expensive
The reason for the sharp increase stems from the prices of feed raw materials. Since the start of the year, prices of EU feed wheat, barley and maize (Rotterdam) have increased. Now that the winter weather is subsiding, a downward correction is not unlikely; although this remains to be seen in practice. The raw materials mentioned are quite dominant in most cattle feeds.
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The price of barley, corn and wheat rose considerably in 2018.
Palm kernel expellers are also dominant in cattle rations. The prices of palm kernel flakes are currently roughly within the range of €135 and €140 per tonne. A slight decrease is possible towards the summer months, due to the extra supply in Europe.
More raises
The price of protein-rich chunks (B) also increased from €0,25 to €24,35 per 100 kilos in February. The same price increase applies to silage maize core chunks, which amounts to €30,90 per 100 kilos. Rose calf chunks recorded an increase from €0,15 to €25,65, while beef bull chunks increased from €0,10 to €23,70.
Click here for the development of feed prices.