Concentrate prices continue to drop considerably, according to figures from Wageningen Economic Research. The way down will probably remain open in 2024.
The price of pork chunks fell by €0,45 in November to €31,50 per 100 kilos, which is the lowest point in almost two years. The price drop was therefore in line with recent months. Other pig feeds also fell in price, as did many cattle feeds. For example, the price of A-brok fell by €0,40 to €32,25 per 100 kilos. '
However, not all cattle feeds declined. Maize core chunks took a step back, while beef bull chunks even became slightly more expensive. This does not alter the fact that the feed market in general appears to be able to relax, also in the coming months.
Compound feed price indicator
The Compound Feed Price Indicator of Boerenbusiness also foresees price reductions in the coming months a-brok en meat pig chunk. Further price reductions of up to 10% are possible, provided the raw materials market remains favorable to the compound feed market. The decline in chunk prices in recent months can largely be attributed to the significantly lower wheat prices. At the end of November, the Matif even fell back to almost €210 per tonne, although the upward trend has now started again. In the physical market, prices are still somewhat higher and price fluctuations are also less noticeable.
Soybeans
The soy price shows a mixed picture in Chicago. In October and the first half of November the price quickly rose to above $500 per tonne, but the decline started again from mid-November. Even during the downturn, the market remains quite volatile. The revival in the market was mainly due to drought in South America, especially Brazil. In addition, persistent Chinese purchasing desire provides good sales opportunities. Some rain has now fallen in Brazil, but no top harvest is expected at 160 million tons.