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UK soybean meal prices have risen about £50/t in two months to around £460/t for full loads, and feed wheat futures have climbed to £211/t. Dairy and meat producers face feed-to-milk price ratios near 1:1, a level that discourages production.
Steep feed cost increases driven by tight supplies, weak sterling and Chinese demand squeeze livestock margins and point to continued firmness in soymeal and feed grains.
fwi.co.ukSuzie HorneJan 20, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
