Feed market outlook* – Apr 2017

First published:

Length: 100 words; <1 minutes

Wheat image

Despite potentially large global cereal crops, tightening availability in the UK is putting the focus on better value alternatives to reduce overall feed costs.

UK wheat futures peaked at £140-145/t for November 2017 delivery, the main causes being competitive exports and a reported drop in UK plantings. Globally, however, the outlook is good for wheat and maize.

South American soyabean harvests are also progressing well, and pressure on protein prices is building. Limited old crop rapemeal supply has increased demand for alternatives, but a summer rapemeal price drop means ProtoTec is again better value than soyabean meal for rumen-bypass protein.

“…ProtoTec is again better value than soyabean meal for rumen-bypass protein.”

Key facts & figures:

  • Global wheat harvest predicted to hit 249.9mt1 versus 240.3mt last year

  • Good growing conditions mean record southern hemisphere crops

  • UK soyabean meal down £30/t since early March as global volumes grow

  • SweetStarch and Formula One currently better value than rolled wheat

  • Soyabean meal DUP currently costs 14-16% more than feeding ProtoTec

  • British wheat distillers’ feed and Proflo good alternatives to rapemeal

1 million tonnes

* Prices correct at the time of writing and subject to change. Unless otherwise stated, all prices quoted are for 29t tipped bulk loads delivered on-farm within 50 miles of origin.

Links to feed information:

For more information:

Share this article: