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FEED INGREDIENTS
proportion of various meals and grains which might be used, based on their price and availability).
Stratégie Grains subscribers can download data sets for individual European countries for compound feed production by species, for the composition of that feed (i.e. the use of wheat, barley, maize, etc.), and for estimates of livestock numbers as well as milk and meat production. For the rest of the world, this exhaustive modeling on compound feed is not yet available, but Stratégie Grains’ monthly reports on grains and oilseeds still offer highly detailed insight into changes in the animal nutrition sector’s demand for different ingredients. For example, the March grains report cited no less than 10 different countries in which forecasted demand for feed wheat for the current marketing year had changed month-on-month or year-on-year, and seven countries for corn.
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Overall, the most important factor Stratégie Grains sees shaping demand from the feed sector is the economic environment; with inflation pushing up the cost of living, people are cutting back on consumption, including that of meat. “Each time we have very high prices of raw materials, we see a decrease in feed demand at the world level,” asserts Fayaud.
By Shannon Behary, senior editor
THE COMPLEX PRICES FOR 2023/24 DELIVERIES INDICATE MIXED CRUSH MARGINS FOR SOYBEAN. THEY APPEAR GOOD IN THE US AND IN BRAZIL, BUT NOT VERY PROFITABLE IN EUROPE AND ASIA, ESPECIALLY IN CHINA. SO SOYBEAN CRUSH — AND THUS SOYMEAL PRODUCTION — SHOULD NOT RISE MUCH IN THE NEXT MARKETING YEAR,”
