Feed market outlook* – Jan 2017

First published:

Length: 100 words; <1 minutes

Wheat lorry loading

With wheat prices edging higher and protein markets having further to rise than fall, carefully considering forward cover for summer feeds could be a wise move.

Sterling’s devaluation has increased the competitiveness of UK exports and tightened supply. Those with home-grown cereals have an opportunity to save costs by selling, then buying in better value alternative energy feeds.

Alternative protein feeds also continue to offer significant savings as the market focuses on soyabean planting and establishment in South America. Expect volatility as weather reports emerge – a good crop will boost supply but any damage could cause markets to react.

“Alternative protein feeds also continue to offer significant savings…”

Key facts & figures:

  • London wheat futures up around £6/t on the back continued strong demand

  • Argentinean wheat harvest slowed by rain, Australian harvest 90% complete

  • Soyabean meal futures prices still close to historic lows

  • Traffordgold and SugaRich Dairy great value alternatives to wheat

  • ProtoTec and ReguPro 50 offer the opportunity to reduce protein feed costs

  • Focusing on value a better strategy than targeting commodity lows

* 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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