Weekly Straights Update

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Straights Update

Please call your local trading office

Lifton 01566 780261           
Carmarthen 01267 223716                     
Somerford 01260 282500
Hungerford 01488 684155
 

8th September 2021

Raw material markets move fast - make sure you call Mole Valley Farmers trading team for a quick response on your enquiry!

Feeding protected fats such as Mega-Fat Multi can help maintain herd performance under heat stress conditions. Protected fats are considered a 'cool' ingredient as they generate little internal heat production during digestion and metabolism whilst improving milk yield, boost butterfats and improving body condition score.

High Proteins

Hipro soya – Prices remain on the lower side, with the Gulf coast still struggling with the aftermath of the hurricane. 50% of grain export facilities in the lower Mississippi river are out of action, and a 60-mile section of the river is impassable (due to downed power lines and sunken/grounded barges). As harvest approaches, this could cause issues for the US’s export programmes if things don’t restart in the coming weeks. The next USDA report is due Friday and expected to review acreage that would normally come into October’s report. Recent rains should have improved yields in the US also. Also, can’t rule out La Nina coming into play for the South American crops this winter…

Rapemeal – Rapemeal again drifted back with soya, with the northern crusher coming back to market on spot for the time being. Seed supply still looks to remain tight for the season. EU imports are 29% lower season-to-date vs last year, as exporters are opting to take to non-EU countries.

Mid Proteins

Glutens – Maize gluten eased back a bit as the market took stock of the hurricane damage, power is the main issue for the export facilities for this product. Wheat gluten offers remain few and far between.

Distillers – Maize distillers moved back a little as exports should be ok to get going when power is restored, though this is still an unknown date at this point. Product is building up in the US as a result. Wheat distillers remain pretty steady, with Vivergo material not expected to be on the market until next spring at best.

Energies

Wheat / barley – Some more grain becoming available, as futures ease back in price. Maize could well elnd support to wheat and barley over the coming months.

Maize – The damage to US export facilities is keeping maize prices relatively steady, as harvest is only a few weeks away, and soybeans will likely get priority for shipment, meaning difficult supply lines for winter potentially. We would hope to see an improvement in yields in the USDA report, but this may well be outweighed by the export issues in the US. La Nina forecasts remains a concern for South American crops, which could keep stocks tight until the next US crop.

Fibres

Soya hulls – The low river levels in Argentina are keeping prices supported, as boats continue to be light loaded.

Sugarbeet – Home produced sugarbeet prices are now out, with limited tonnage available, please contact your local trading office to book your winter tonnes. Imported prices look a little pricey by comparison.

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Raw Material Ex-Port Guide Prices

Please call your local trading office for an accurate quotation as these are guides only and may vary in your region. Any opinions expressed are subject to change without notice.

Price changes since 1st September 2021