Feed market outlook* – May 2019

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Length: 102 words; < 1 minutes

Slowed progress with US plantings has caused global feed prices to lift, but it’s uncertainty around Brexit still poses the greater threat for UK feed buyers.

US corn and soyabean plantings have been affected, causing a rise in both energy and protein feed markets. However, the Brazilian soyabean harvest 67% complete and the swine flu epidemic continues to limit demand from China.

Additional support for prices has come from rapeseed crushers’ reluctance to sell, the lack of mid-protein alternatives in the UK and Sterling’s current weakness. Watch the markets closely, and be ready to take advantage of any dips that do occur.

Key facts & figures:

  • United States corn plantings 30% complete versus 5-year average of 66%

  • Soyabean plantings at just 9% compared to 29% average

  • Chicago Board of Trade soyabean futures back above US$300/ton

  • NovaPro still better value for rumen-bypass protein than soyabean meal

  • ReguPro 50 and Regumaize 44 worth considering for those needing RDP1

  • Soya hulls one of the best energy feed deals available at the moment

1 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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