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UK ration costs rose this month after a surge in soybean meal prices, with the UK spot price for HiPro soya meal climbing from £318/t to £370/t over the past month. Poultry World's basic layers ration rose £14/t to £232/t.
The rally followed traders' focus on worsening Argentine drought in early February.
Higher soymeal prices raise feed costs for UK poultry producers, and the rally is tied to Argentine drought that cuts global meal supply.
foodagribusiness.worldKen RandallMar 22, 2018
poultryworld.netKen RandallMar 22, 2018After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.
