# Poultry feed prices hit five-year high - Poultry Network

> UK poultry feed spot prices reached a five-year high after feed wheat and soymeal rose sharply, with current formulation costs up £30/t to £258/t by end-September. UK feed wheat hit £179/t, a seven-year high, as the UK wheat crop is estimated down nearly 40% from last year.

- Date: 2020-10-08 · published 2020-10-08T12:00:00.000Z
- Category: weather · region UK · magnitude medium
- Page: https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

A smaller UK wheat crop and firmer soymeal and global maize prices raise feed costs for UK compounders, with forward buying cushioning the near-term impact but the outlook worsening.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-16 | [Feed prices firm but sentiment is bullish - Poultry Network](https://feedsoft.ai/events/45676-feed-prices-firm-but-sentiment-is-bullish-poultry-network.md) | +1.1% | +2.8% |
| 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 | 2018-07-22 | [New grain prices move higher \| QLD](https://feedsoft.ai/events/63988-new-grain-prices-move-higher-qld.md) | +2.5% | +2.3% |
| WHEAT | 2021-05-10 | [Montana Ag Network: Why Wheat Markets Are At 10-Year Highs](https://feedsoft.ai/events/47136-montana-ag-network-why-wheat-markets-are-at-10-year-highs.md) | +3.5% | -1.9% |
| SBM | 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) | -3.6% | -9.1% |
| SBM | 2020-09-18 | [Soybean prices hit 2-year high amid ASF recovery \| Feed Strategy](https://feedsoft.ai/events/51114-soybean-prices-hit-2-year-high-amid-asf-recovery-feed-strategy.md) | +1.0% | +12.6% |
| SBM | 2018-04-02 | [Higher feed costs affect pork profits](https://feedsoft.ai/events/65629-higher-feed-costs-affect-pork-profits.md) | +0.6% | +2.4% |

## Sources

- poultry.network: https://poultry.network/poultry-feed-prices-hit-five-year-high/

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