Feed Outlook* – Jul 2018

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Length: 101 words; <1 minutes

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The escalating trade war between the US and China has brought new levels of uncertainty to commodity feed markets, with protein prices dropping sharply.

But the fundamentals of supply and demand remain little changed. Protein prices are arguably lower than they should be, and any US weather scare could see prices bounce back rapidly. Dry weather concerns in key cereal growing regions have added volatility to the energy feeds market.

Consider managing risk by securing contracts for remaining summer and winter protein requirements now. For energy, alternative feeds are in high demand to replace cereals, with supplies of many options tightening.

Key facts & figures:

  • US soyabean acreage estimates likely to rise to 89.7ma1 vs. 90.7ma1 last year

  • Argentinean soyabean output down 20mt2, reducing crush volumes

  • Investment funds will drive volatility if weather concerns cause prices to rise

  • Despite market drop, ProtoTec DUP3 saving over soyabean meal remains

  • Spey Syrup and ReguPro 50 great options where mid-proteins in short supply

  • Processed bread supply tight as buyers seek best value alternatives to cereals

1 million acres
2 million tonnes
3 digestible undegraded 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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