KW Feedcast Episode 11 - 22 June 2021

In today’s episode Chris Davidson and James Barker discuss the last few weeks in the mid-proteins raw materials markets, before a brief look at soya and cereals.

The lack of demand for mid-proteins over the last few weeks has seen the market drop around £30 a tonne. This has had the effect of bringing rapemeal and distillers back down to a more normal price and on a cost per unit of crude protein they are now looking better value than soya.

While the soya market is still seeing a lot of volatility the overall price has remained fairly static over the past week. Reports of the US Government looking to support the ethanol blenders has resulted in a dip in the market for maize but also the oils seed market and therefore soya beans. With the USDA report coming out towards the end of the month it is worth keeping a close eye on this market as any benefit may be felt before the report is actually published.

On the cereals front the downside in maize has also filtered in to the wheat market. It is worth keeping this high on your agenda as the demand is likely to be high for these products with less competitive products around next year. The strong potential demand has meant there are some good opportunities in biscuitmeal and bread currently.