| Name | Value | Date | Basis | Source |
|---|---|---|---|---|
| Corn | $5.01/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybeans | $12.94/bu | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean meal | $356.40/US ton | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean oil | $0.6831/lb | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| SRW wheat | $6.75/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| HRW wheat | $7.32/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Live cattle | $222.88/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Feeder cattle | $334.35/cwt | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Lean hogs | $69.38/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ |
Chicago corn futures rose on 21 September 2026, driven by trader positioning ahead of US–China talks that could unlock new Chinese grain purchases and by persistent Black Sea supply uncertainties. Gains were broad-based but moderate, with the market still awaiting concrete outcomes from the summit.
Combined soybean meal exports from Argentina, Brazil and the United States reached a record 73 million tonnes in 2025/26, reinforcing ample feed-ingredient availability and limiting price rallies across the soybean complex, according to CMB News.
Argentina's 2026/27 wheat output is forecast to fall sharply from the previous season's record, while war-related disruptions continue to constrain Black Sea exports. Together, the two developments are tightening global high-quality wheat availability and pushing Chicago futures to a multi-year high, raising import costs for buyers in North Africa, the Middle East and Asia.
German feed corn prices remain steady at 0.295 EUR/kg EXW Drentwede amid a drought-reduced domestic harvest, while Ukrainian export corn at Odesa has softened to 0.157–0.159 EUR/kg on CPT and FOB terms, widening the spread between the two origins and keeping EU feed buyers well supplied from Black Sea sources despite ongoing logistics risks.
Pakistan's Trading Corporation of Pakistan (TCP) has tendered for 750,000 tonnes of 2026-crop milling wheat on CFR Karachi/Gwadar terms at around USD 320–325 per tonne, but the high landed cost of imports — compounded by freight, port charges, and currency weakness — is expected to support rather than ease domestic wheat prices. Global benchmark prices from Ukraine, the EU, and the US have softened modestly in September, but analysts note Pakistan's firmness is driven by internal cost and currency dynamics rather than global supply tightness.
Chicago December wheat futures settled lower on September 21, 2026, but a combination of solid US export sales and persistent Black Sea supply disruption risks is preventing a deeper price correction, according to CMB News.
International corn markets are navigating a tug-of-war between a projected record 66 million tonne Argentine maize harvest for 2026/27 and near-term European Union supply tightness driven by Ukrainian logistics bottlenecks. CBOT futures softened on profit-taking ahead of a U.S.–China summit, while Euronext corn held firm on constrained Black Sea inflows and elevated EU import demand.
Ongoing shipping disruptions in the Black Sea and Red Sea are compelling wheat importers across Asia, the Middle East, and North Africa to source from more expensive origins such as the United States, Baltic states, Romania, Argentina, India, and Australia. Higher war-risk insurance premiums and freight costs are keeping physical wheat prices structurally elevated even as futures benchmarks have eased slightly from late-August highs, according to CMB News.
A European Commission study completed in June 2026 estimates that feed demand for ten key farmed species in the EU grew from under 900,000 tonnes in 2013 to almost 1.1 million tonnes in 2023. The report identifies plant ingredients as now comprising the majority of material demand, while highlighting cost, scalability and regulatory hurdles facing alternative proteins and oils.
The Philippines is exploring a more diversified aquafeed ingredient base as El Niño, global supply disruptions, and import dependence increase pressure on conventional feed sources, according to Ateneo de Manila University associate professor Janice A. Ragaza.
A European Commission study completed in June 2026 estimates that feed demand for ten key farmed species in the EU grew from under 900,000 tonnes in 2013 to almost 1.1 million tonnes in 2023, while identifying plant ingredients, cost, regulation and supply-chain exposure as central challenges for the sector's future.
The South American rendering industry convened in Mendoza, Argentina, for the Reunion of the Americas (REAM) on 8–10 September 2026. Discussions centred on tightening fishmeal supply, surging export demand for Brazilian animal protein meals, shifting trade conditions for low-carbon feedstocks, and the growing interconnection of regional rendered-product markets.
