In February, it was thought that quotes on the liquid feed market would go down. That just wasn't reflected on the signs at the time. In March, this expectation is reflected in the various quotations. This is mainly due to the price decreases for residual flows from the potato industry and some wheat starches.
The steam peels become thicker as winter progresses and spring arrives. This logically creates more volume of residual flows and customers can choose from a wider range. This supply translates into falling prices for potato steam peels in March. Some suppliers even adjust these downwards by 10 cents per percent of dry matter. A similar price drop is visible for liquid potato starch. Outside of the quotations, larger price reductions are visible here and there. At least that is what is stated.
Wheat starches have also been reduced in price
Wheat starches, consisting of DB Blend, Hamino (Kleie, Starke, Spezial) and Corami, were also reduced in price in March. This involves price decreases of between 5 and 10 cents per percent of dry matter. Here, the wider range is also the reason that there is pressure on the quotations.
Other residual flows, such as brewer's yeast, can also count on a wider supply. This is partly due to the start of spring and the increased production of beer. However, this does not lead to falling prices. There is still limited availability of brewer's yeast in mid-March, which is why some suppliers have even increased their quotations by 30 cents per percent dry matter.
The price of brewer's yeast strongly corresponds to movements on the soy market. When soy prices increase, the price of brewer's yeast often rises along with it. This rule also applies the other way around. Despite the fact that brewer's yeast is more widely available, the soy price will probably determine the price.
More dairy waste flows
There are also more residual flows in the dairy industry. Cheese whey in particular stands out. There is a relatively large supply available from the north of the Netherlands, but the product also sells very well. So far, the price has remained mostly stable, but that could soon change. This is expected to happen mainly with the arrival of spring.
It is also mentioned that cheese whey can also be very interesting for non-liquid feed companies. The product can be easily applied with a few relatively minor adjustments. So it is said. Suppliers are still looking for companies, especially in the north and center of the Netherlands.
Feed raw materials
From the commodity front, the mid-March quotations are neither pressured nor relieved. The wheat on the Matif moves mainly stable, around 170 euros per tonne. Soybeans on the CBoT rose to almost $2017 per tonne in the first months of 400. This quotation was later reduced again to approximately USD 370 per tonne. Due to the high demand, soy has strong support.