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UK spot soya meal prices have risen about £94/t since August to around £410/t, and feed wheat has climbed since May to £188.50/t ex-farm. The typical cost of a layer ration has reached its highest level since 2013.
Strong export demand for US soybeans, tightening US and Argentine supply estimates, and dry South American weather are pushing soymeal and wheat higher, raising feed costs for poultry buyers.
poultry.networkJake Davies (EditorNov 27, 2020Not 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.
