A newsletter dedicated not only to the latest news and price trends for agricultural commodities, but also to potential developments and changes in feed formulations for various livestock. The IDENA Formulation Team hopes you enjoy reading it!
The ultra-early harvest was completed at the end of July: what is the real impact of these unusual weather conditions on the quality of our wheat, barley and triticale?
Protein levels ranging from 10 per cent to 11.5 per cent depending on the region, coupled with strong pressure on global prices, are reshaping the landscape for your purchases and feed formulations.
Let’s take a closer look at the harvest figures for wheat:
Find all the key figures, Agreste volumes and regional quality maps here.
In August, there was a very marked rise in cereal prices. There was also a rise in the price of oilseed meal.
This month, we are seeing an upward trend in the cost of the packages.
This month we are seeing a slight fall in wheat prices, making way for barley. Unlike in July, wheat re-milling is more profitable, which helps to offset the fall in bran prices (-9 per cent). LP sunflower meal is regaining popularity and is taking the place of rapeseed meal.
The composition of the feed mix remains similar to that of last month. Almost all the maize has been removed to make more room for wheat. The proportion of re-ground grain has increased to dilute the mix slightly following the rise in oil content.
The reduction in sorghum is offset by a sharp rise in the proportion of wheat. There is no longer any rapeseed meal, which is offset by the increase in soya meal.
Pig:
HP sunflower meal is being removed from the formulation and replaced by LP sunflower meal. Peas are regaining popularity and provide energy (which offsets the reduction in sorghum and triticale) and protein, which, in combination with the other meal types, compensates for the removal of rapeseed.
The fall in maize and the withdrawal of sorghum are offset by the rise in other cereals such as wheat and barley. The inclusion of DDGS compensates for the fall in rapeseed and part of the energy contribution from maize and sorghum.
The increase in bran offsets the reductions in triticale and rapeseed meal. It provides part of the fibre content in the formulation in place of rapeseed meal. The inclusion of soya meal supplements the protein content provided by rapeseed meal.
The formula remains unchanged from July.
The demand for roasted soya beans has led to a fall in the price of soya meal and soya oil.
Chicken:
The formula undergoes minor adjustments that do not alter its overall structure.
