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Feed merchants have generally left livestock ration prices unchanged for September, but more price hikes are on the horizon for this autumn.
Global grain markets continue to strengthen as merchants lock in forward contracts for the winter period.
Early indications within the feed trade point to a £5 to £10/t increase for October, depending on the level of cereals included within specific rations.
Straights
Based on spot markets this week, rolled barley delivered on farm will cost £230 to £240/t, which is £50 to £60/t more expensive than last autumn.
Dried barley continues to be purchased off local growers at around £195/t before handling and transport charges.
Maize meal will cost in excess of £260/t delivered on farm, significantly higher than its corresponding level last year at £190/t.
Soya is holding steady around £370/t on farm, but this is still £50/t higher year on year. Maize distillers is trading at £100 to £110/t below soya.
Soya hulls are priced around £215 to £220/t with sugar beet pulp at a similar level.
In Scotland, barley jumped by £15/t inside the past week as feed merchants were more active in sourcing raw material for livestock rations. That puts dried barley sold off farm in the region of £175 to £180/t before handling charges, well above the £120/t recorded last September.
In NI, the prices quoted for cattle and sheep blends are already into unprecedented territory.
General-purpose 16% cattle blends are around £258 to £265/t, while pelleted feeds will be around £10/t more.
Beef finisher rations are around £260 to £270/t depending on maize and barley content, and whether a blended or pelleted product.
Dairy rations are holding between £290 and £310/t, while intensive lamb finishing rations are generally £280/t and upwards.
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