Episode 7 brings you Chris Davidson and James Barker discussing the significant changes in the cereal and mid-protein markets seen in the last two weeks. With the markets short of cereal, rape seed and distillers the next few months could be messy.
Cereals – wheat and barley have seen a dramatic rally as demand remains stronger than expected following the dry weather affecting grass growth and slowing turn out.
Mid-proteins – Rape seed has seen an unexpected but dramatic increase in price, following some small declines, which has caught everyone off guard. It is time to look for different solutions to these products.
It is not all bad news, at the moment the soya price remains steady with good availability and shipments, although worth noting there is a world tightness on this commodity, so how long will this last? Biscuit meal is being offered at a discount in response to the high wheat prices and on a fibre front, soya hulls seem to be the cheapest commodity out there. The new crop prices have rallied but it is worth holding your nerve on these as this could be linked in to the existing old crop prices.
In summary, we need to keep looking for alternatives to the traditional feeds and watch that weather and how it affects plantings and growth in the new crops.
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Cereals – wheat and barley have seen a dramatic rally as demand remains stronger than expected following the dry weather affecting grass growth and slowing turn out.
Mid-proteins – Rape seed has seen an unexpected but dramatic increase in price, following some small declines, which has caught everyone off guard. It is time to look for different solutions to these products.
It is not all bad news, at the moment the soya price remains steady with good availability and shipments, although worth noting there is a world tightness on this commodity, so how long will this last? Biscuit meal is being offered at a discount in response to the high wheat prices and on a fibre front, soya hulls seem to be the cheapest commodity out there. The new crop prices have rallied but it is worth holding your nerve on these as this could be linked in to the existing old crop prices.
In summary, we need to keep looking for alternatives to the traditional feeds and watch that weather and how it affects plantings and growth in the new crops.
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Continue reading...
