Feed Outlook* – Apr 2018

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Falling Argentine soyabean crop estimates are adding to pressure on protein feed markets, as are tight mid-protein supply and delayed turnout in the UK.

Higher crush margins mean many European rapeseed crushers have switched to soyabeans, and it’s unclear when Vivergo will return to full production of British wheat distillers’ feed. Production disruptions at Ensus and delayed arrival of US maize distillers’ feed have further cut mid-protein supply.

Custom blends are one way to meet requirements, allowing use of a wider range of feeds, whilst the protein in moist feeds and high-protein liquid feeds provides an opportunity for those able to adapt feeding systems to suit.

Key facts & figures:

  • Argentine soyabean harvest could potentially be up to 15-20mt1 less than 2017

  • Some Brazilian soyabean crop estimates as high as 119mt1 vs. 114mt1 last year

  • UK rapemeal prices pushed to around £205-215/t for April to October delivery

  • Traffordgold, brewers’ grains and draff great value as alternative protein feeds

  • For DUP2, SoyPass and ProtoTec still more cost-effective than soyabean meal

  • Spey Syrup, ReguPro50 and ReguMaize44 worth considering for RDP3

1 million tonnes
2 digestible undegraded protein
3 rumen degradable protein

* 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.

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