# Feed prices firm but sentiment is bullish - Poultry Network

> 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.

- Date: 2021-08-16 · published 2021-08-16T12:00:00.000Z
- Category: weather · region UK · magnitude low
- Page: https://feedsoft.ai/events/45676-feed-prices-firm-but-sentiment-is-bullish-poultry-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-08 | [Poultry feed prices hit five-year high - Poultry Network](https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network.md) | +0.0% | -0.6% |
| WHEAT | 2023-03-09 | [Higher soya price halts drop in poultry feed costs - Poultry Network](https://feedsoft.ai/events/36945-higher-soya-price-halts-drop-in-poultry-feed-costs-poultry-network.md) | -0.2% | -4.6% |
| WHEAT | 2023-04-17 | [Feeling Bullish About Wheat Prices Again? - Alberta Grains](https://feedsoft.ai/events/36465-feeling-bullish-about-wheat-prices-again-alberta-grains.md) | +7.8% | -1.4% |
| WHEAT | 2018-10-10 | [Feature: Price pressures hit free-range egg producers - Poultry News](https://feedsoft.ai/events/62562-feature-price-pressures-hit-free-range-egg-producers-poultry-news.md) | +8.2% | +4.5% |
| WHEAT | 2019-09-09 | [Feedgrain Focus: Prices firm as thin crops turn to hay - Beef Central](https://feedsoft.ai/events/57196-feedgrain-focus-prices-firm-as-thin-crops-turn-to-hay-beef-central.md) | -0.8% | +4.6% |
| CORN | 2020-10-08 | [Poultry feed prices hit five-year high - Poultry Network](https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network.md) | +2.3% | +6.5% |
| CORN | 2023-04-17 | [Feeling Bullish About Wheat Prices Again? - Alberta Grains](https://feedsoft.ai/events/36465-feeling-bullish-about-wheat-prices-again-alberta-grains.md) | -1.9% | -3.1% |
| CORN | 2019-01-28 | [High feed prices to affect profit margins of poultry farms in India \| Company News - Business Standard](https://feedsoft.ai/events/61237-high-feed-prices-to-affect-profit-margins-of-poultry-farms-in-india-company.md) | +0.7% | +0.8% |

## Sources

- poultry.network: https://poultry.network/feed-prices-firm-but-sentiment-is-bullish/

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