Feed Outlook* – May 2018

First published:

Length: 108 words; < 1 minutes

Midwest US wheat storage image

With tight supply continuing the upward pressure on energy and protein feed prices, both summer feed buying and plans for next winter need to be well underway.

Dwindling old crop wheat stocks, uncompetitive UK imports and global weather concerns mean energy feed prices are significantly higher than earlier in the year. Summer wheatfeed is up £25/t since January, though still good value.

Argentinean soyabean harvest estimates continue to drop, with threats to crush and port capacity further limiting exports. Reduced production of European rapemeal and British wheat distillers’ feed are adding to the pressure.

Prices can go higher, so look to secure additional supply sooner rather than later.

Key facts & figures:

  • Global weather concerns pushed London November wheat futures over £150/t

  • Russian wheat crop predicted to hit just 72mt1, down 13mt1 from last year

  • Argentine soyabean crop estimates down to 39mt1 from a high of 53mt1

  • Wheatfeed, SugarRich Dairy and Soda Wheat better value for starch

  • Soya Hulls, Traffordgold and draff top choices for digestible fibre

  • Spey Syrup and ReguPro 50 a good alternative to traditional protein meals

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.

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