# Protein Feed Prices Rising | Helping farmers in Scotland

> Scottish feed supplier reports protein feed prices rising in late January 2023, led by soya, while cereal prices eased slightly. Argentine drought is expected to cut soybean yields 45-50% and leave at least 0.5M hectares unplanted, partly offset by Brazil's harvest. Delivered soya is quoted near £568/t and distillers grains around £378-393/t.

- Date: 2023-01-23 · published 2023-01-23T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/37907-protein-feed-prices-rising-helping-farmers-in-scotland
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Argentine soybean shortfall tightens global protein supply, supporting soymeal and mid-protein feed prices, with possible tight shipments in April. Buyers face higher protein costs unless Chinese demand weakens.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- DDGS: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-04 | [Econ Roundup: Demand Supports Milk Prices, Feed Costs Rising - NMPF](https://feedsoft.ai/events/4737-econ-roundup-demand-supports-milk-prices-feed-costs-rising-nmpf.md) | -0.9% | +9.1% |
| SOY | 2016-05-12 | [Soybean prices rally as P.E.I. farmers prepare to plant](https://feedsoft.ai/events/6525-soybean-prices-rally-as-p-e-i-farmers-prepare-to-plant.md) | +0.5% | +9.9% |
| SOY | 2019-06-10 | [Agritrends- Increased feed prices a concern for livestock farmers- South Africa](https://feedsoft.ai/events/58724-agritrends-increased-feed-prices-a-concern-for-livestock-farmers-south-africa.md) | +4.7% | +2.2% |
| SOY | 2025-04-20 | [UK barley prices fall as malting slows \| The Scottish Farmer](https://feedsoft.ai/events/25185-uk-barley-prices-fall-as-malting-slows-the-scottish-farmer.md) | +1.3% | +1.3% |
| SOY | 2019-01-17 | [How technology is helping farmers predict and prepare for El Niño \| PreventionWeb](https://feedsoft.ai/events/61023-how-technology-is-helping-farmers-predict-and-prepare-for-el-nino-preventionweb.md) | +2.4% | +1.0% |
| SBM | 2018-03-05 | [South American drought helping to increase local canola prices -](https://feedsoft.ai/events/65972-south-american-drought-helping-to-increase-local-canola-prices.md) | -4.7% | -3.3% |
| SBM | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -4.5% | -7.2% |
| SBM | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | -0.1% | +5.6% |

## Sources

- fas.scot: https://www.fas.scot/article/protein-feed-prices-rising/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.