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GB animal feed production from July to November 2022 fell 5% year on year to 5.41 million tonnes, the lowest for the first five months of a season since 2016/17. Poultry feed output drove the decline, down 7% to 2.48 million tonnes.
UK feed wheat futures rose modestly on the day.
Weaker UK feed demand, especially from poultry, reduces cereal usage and pressures feed wheat and barley values in the near term.
ahdb.org.ukJan 12, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
