# Feedsoft index methodology

> How the Feedsoft benchmarks, country commodity indexes, composite indexes and Supply Pressure are built. Page: https://feedsoft.ai/methodology

Latest published period: 2026-11.

Version 2026.1. Monthly indexes, 2024 average = 100, in USD and local currency.

### Coverage classes

| Class | Name | Meaning |
| --- | --- | --- |
| A | Observed | Regular local price observations. Published with a reference price. |
| B | Hybrid | Some local observations plus a calibrated import/export-parity model. Published with a modeled price. |
| C | Modeled | International benchmarks and country cost structure. A directional index, published without a price. |
| X | Insufficient | Inputs are missing or out of date. Not published. |

### Commodity index specifications

| Symbol | Name | Grade | Form | Global benchmark | Origin benchmarks (markets that buy from there) |
| --- | --- | --- | --- | --- | --- |
| CORN | Corn | Yellow corn, US No. 2 equivalent | Whole grain | US Gulf FOB (World Bank monthly) | Constanta feed maize FOB (EU portal weekly) |
| WHEAT | Wheat | Soft red winter / feed-quality wheat | Whole grain | US Gulf FOB (World Bank monthly) | Constanta milling wheat FOB (EU portal weekly); Rouen milling wheat, delivered port (EU portal weekly) |
| SORGHUM | Sorghum | US No. 2 yellow sorghum | Whole grain | US No. 2 yellow sorghum, Kansas cash (USDA ERS monthly) | — |
| BARLEY | Barley | Feed barley | Whole grain | Rouen feed barley (EU portal weekly) | — |
| SBM | Soybean Meal | 44–48% protein | Meal | Any origin, Rotterdam CIF (World Bank monthly) | — |
| CANMEAL | Canola/Rapeseed Meal | 34–36% protein | Meal | Milan rapeseed meal (EU portal weekly) | — |
| DDGS | DDGS | Corn distillers dried grains with solubles | Meal/pellet | US DDGS, Central Illinois wholesale (USDA ERS monthly) | — |
| FISHMEAL | Fishmeal | 64–65% protein | Meal | Peru, Hamburg CIF (World Bank monthly) | — |
| SBO | Soybean Oil | Crude degummed | Oil | Dutch FOB ex-mill (World Bank monthly) | — |
| PALMOIL | Palm Oil | Crude palm oil | Oil | Malaysia, NW Europe CIF (World Bank monthly) | — |

Basis: Delivered to feed mill, bulk, USD/mt or local currency/mt.

### Composite indexes

| Key | Name | Description | Default basket |
| --- | --- | --- | --- |
| feed_cost | Feed Cost Index | Cost of a representative broiler feed ingredient basket (energy grains, protein meals and fat). | CORN 62%, SBM 31%, SBO 4%, DDGS 3% |
| protein | Protein Index | Cost of protein-rich feed ingredients. | SBM 70%, CANMEAL 10%, DDGS 10%, FISHMEAL 10% |
| energy | Energy Index | Cost of energy-rich feed ingredients (grains and fats). | CORN 55%, WHEAT 20%, SORGHUM 10%, BARLEY 10%, PALMOIL 5% |

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