The prices of beef chunks show an increase in December. However, the increase for protein-rich chunk B has weakened somewhat compared to the past six months.
Figures from Wageningen Economic Research show that protein-rich chunk B is now paid €26,85 per 100 kilos, meaning the price has increased by €0,05 (compared to November).
The price of standard chunk A again shows an increase of €0,10, which means that the quotation ends the year with a price of €24,15 per 100 kilos. The compound feed price indicator predicts stable to slightly declining prices in the coming months.
Commodity prices mainly stable
There has been little movement on the feed raw materials markets recently. The water levels have returned to 'normal' levels, which has resolved the logistical problems in the physical market.
The wheat quotation on the Matif in Paris did not show any major jumps in December and was quoted between €200 and €210 per tonne; at New Year's Eve this was €205 per tonne. The corn price (EU-Rotterdam) also shows little change and fluctuates between €170 and €180 per tonne.
The soy price on the CBoT in Chicago did show a decline in December. In week 50 the price was still at $338 per tonne, after which it fell to $319 between Christmas and New Year. Although 2019 has started with an increase. The closing price on Tuesday, January 2 was $328 per tonne. This increase was caused by alleged purchasing interest from China.