Prices on the Dutch compound feed market are falling steadily. The price of chunks or pellets for cattle, pigs and piglets has fallen in the past month. If you look at the current developments in the commodity markets, the pace of price declines is not high.
The expectation is that prices for compound feed will fall further this and in the coming months, provided that the trend on the raw materials markets maintains the current trend. The monthly prices calculated by Wageningen Economic Research for April show that the prices of pig feed are falling slightly faster than those for cattle. For example, the price of pork chunks has fallen by €13 to €370,50 per tonne. Sow pellet gestation and sow pellet lakto have fallen in price by €9 and €11 per tonne respectively to €374,50 and €435 per tonne. The baby piglet and starter/transition pellets did not fall slightly faster in price.
In the case of cattle feed, Standard Brok A became an average of €7 per tonne cheaper last month to a monthly price of €364,50 per tonne. High Protein Brok gave up €8 to arrive at a price of €383,50 per tonne. The price reductions for silage maize core chunks, beef bull chunks and pink calf chunks were all slightly less.
Further price reductions are likely for both pig and beef chunks in the coming months. A look at the course from the Matif futures market in Paris learns that prices there are now at the level they were before the start of the war in Ukraine. The soybean price at the CBoT in Chicago has not yet reached that level, but is now much lower than the peak of the raw materials markets in the spring and summer of 2022. The compound feed price indicator of Boerenbusiness foresees a price correction of approximately 10% to 11% for respectively until October cattle feeders en pig feeds.