The trend of rising compound feed prices continued in February. The threat of war alone was enough to give raw material prices a significant boost in January and February, which is reflected in the monthly prices of compound feeds from Wageningen Economic Research for February.
Feeds became more expensive across the board. Standard chunk A for cattle rose €0,70 per 100 kilos in price to €30,95 per 100 kilos. Protein-rich chunks became €0,50 per 100 kilos more expensive and now stands at €32,65 per 100 kilos. Maize core chunk thickness €0,75 per 100 kilos in price and is now at €43,00 per 100 kilos. Feed for beef bulls also became more expensive, the price was €0,70 per 100 kilos higher than in January and amounted to €32,05 per 100 kilos. The price for pink calf pellets stood at €34,90 in February, which was €0,55 higher than in January.
Pork chunks further increased in price
In addition to the low selling prices in pig farming, companies in this sector are confronted month on month with higher prices for compound feed. Sow pellets and lakto both became €0,70 per 100 kilos more expensive and amount to €33,35 per 100 kilos and €38,15 per 100 kilos respectively. Baby piglet pellets increased in price by no less than €0,95 per 100 kilos to reach €44,60 per 100 kilos.
Feed prices also rose for fattening pig farmers. Meat chunk 1.08 EW now costs €32,25 per 100 kilos. That is €0,60 per 100 kilos more than in January. Fattening pig chunks have now risen almost 100% in price since the low point of compound feed prices in 2005.
Rise continues
Now that the war in Russia is a fact, the prices of raw materials have risen even further. The increases, based on historically high levels, will ensure that compound feed prices will rise further. It therefore seems almost certain that the record prices that are already being achieved will be further tightened.