Substantial rise in lump prices due to expensive raw materials

There is a lot of demand for (feed) raw materials, which drives up prices considerably. Protein-rich products in particular are on the rise. Soy recorded almost the highest price in 4,5 years and wheat and corn are also trading high due to limited corn supply in some areas. The price of silage maize core chunks has again risen the highest this month, partly led by high soy prices. Just under one euro is added (+€0,95), which means the price is €35,05 per 100 kilos. Never before has the WUR feed quotation for silage maize been so high in the past 5 years.

Strong increase
The other chunk prices are also on the rise. The standard pellet A and protein-rich pellet both recorded an increase of €0,30 compared to October, bringing them to €24,35 and €26,75 per 100 kilos of pellet respectively. Here too, rising raw material prices contribute significantly to the increase in bulk prices.

It is striking that these protein-rich chunks rise less quickly than the other chunks. A new price record compared to the past 5 years is also gradually coming into view here. With a price increase of €0,35, the rosé calf chunks amount to €27,85, the highest level in 5 years. The beef bull chunk recorded an increase of €0,45 to €25,80. 

Outlook
With raw material prices still rising, the prospects for chunk prices are not too rosy. Looking at the Boerenbusiness Compound feed price indicator the cattle chunks will continue their course to an increase of almost 3% above the current price level in April 2021. Because the chunk prices are dependent on raw material prices, nothing is certain in this forecast, but since the raw materials do not yet have a ceiling in sight, a price drop for now unthinkable.