Inside Enter
Beef chunks significantly cheaper again
Where sow pellets became more expensive in February, the price of pelleted beef showed a significant drop in that month. Is this a harbinger of further cuts?
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Choose the subscription that suits youBeef chunks became considerably cheaper in February, according to figures from Wageningen Economic Research. The price for standard chunk A shows a decrease from €0,25 to €23,95 per 100 kilos, while the price for protein-rich chunk (B) drops by €0,30 to €26,50 per 100 kilos.
Commodity prices down
The prices of the 4 important feed raw materials have fallen. Both wheat and corn prices are plummeting on the Matif in Paris. The wheat price has fallen by almost €30 since January 15 and is trading at €4 per ton on Monday, March 192,50. The corn price fell in the same order of magnitude to €164 per tonne.
The soy price at the CBoT in Chicago is also under pressure. The futures market traded at $330 (€296) per tonne on the last day in February. About 4 weeks ago this was still $337 (€302) per tonne, which means a decrease of $7. The barley price is plummeting, as the price (EU-Rotteram) fell by €4 to €22 per tonne in 185 weeks.
Decline has begun
De compound feed price indicator also expects a further decline for standard chunk A in the coming months. The forecast is that the price will continue to fall until July.
