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UK feed prices firmed, with feed wheat up another £11 a tonne by early August to a near nine-year high of £207/t ex-farm. Soyameal held steady, lifting the guide price for a basic layers' ration to £280/t.
Weather worries in the US, Canada, Russia and northern Europe were cited as drivers.
Weather-related harvest concerns in major exporting regions are supporting feed wheat and ration costs, and buyers should expect firm feed prices in the coming weeks.
poultry.networkKen RandallAug 16, 2021After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.
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.
