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Boerenbusiness reports that the price of Standard Chunk A compound cattle feed fell in June and is forecast to keep declining through 2017, with October expected about 2.5% below June levels. Other cattle feeds such as protein-rich chunks and silage maize chunks also dropped in price.
Lower compound feed prices reflect cheaper grain and protein raw materials, and the forecast signals continued easing for European cattle feed buyers, though weather in the US and Europe adds uncertainty.
en.boerenbusiness.nlWouter BaanJul 4, 2017Not 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.
