# No relief from grain pain | Meat & Livestock Australia

> Domestic Australian feed grain prices remain historically high despite a 12% decline in feed wheat since October 2018, with feed wheat at $405/tonne, barley at $382/tonne and sorghum at $345/tonne. Global supply is in surplus, with new Eastern European supply and an upward revision in USDA global wheat ending stocks.

- Date: 2019-04-18 · published 2019-04-18T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59651-no-relief-from-grain-pain-meat-and-livestock-australia
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Australian domestic feed prices are decoupling from global levels, squeezing lotfeeder margins; if the 2019 crop recovers, domestic prices could ease toward world levels.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Sources

- mla.com.au: https://www.mla.com.au/prices-markets/market-news/2019/no-relief-from-grain-pain/

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