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Weekly Straights Update

Lifton Mill - Tel: 01566 780261 / 0845 6027321* | Hungerford - Tel: 01488 684155 | Carmarthen - Tel: 01267 223716  | Email - [email protected] | Somerford - Tel: 01260 282500
*Calls to this number cost up to 7p per minute plus your phone company’s access charge. 

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!

Currency

£/$1.377

£/€1.165

 

Coronavirus update: Whilst at the moment the feed supply chain has not been impacted in terms of raw material availability, we need to be aware of the potential situations that could occur – e.g. ports or hauliers coming under pressure if drivers/dock workers are required to self-isolate. We are therefore asking for plenty of notice regarding your orders to help manage supply going forwards. The trading team will continue to keep you updated going forward.

Haulage update: Due to a current national shortage of around 100,000 drivers, which is impacting on straights haulage, we are asking that you allow extra lead time when placing orders on bulk and bagged products. We will be contacting customer to try and plan in forward orders where possible.

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

 

 

8th Sep 2021

 

Sep-Oct ‘21

Nov-Apr 22

May-Oct ‘22

Hipro Soya

Southern Ports

356 -3

348 -3

329 -2

Liverpool

362 -1

346 -3

326 -3

Glasgow

359 -8

350 -7

331 -5

Rapemeal

Southern Ports

267 -1

253 -3

243 -1

Erith

242 -4

232 -3

225 -1

Liverpool

260 -3

243 -5

234 +2

Glasgow

272 +1

258 -4

249 0

Soya Hulls

Southern Ports

204 +2

202 +3

196 +4

Liverpool

214 0

200 -3

196 0

Sugar Beet

Southern Ports

224 0

214 0

223 -3

Liverpool

POA

218 +4

223 -3

Maize Distillers

Southern Ports

263 -3

263 -3

266 -3

Liverpool

263 -3

263 -3

226 -3

Wheat Distillers

Southern Ports

282 +1

282 +1

288 +1

Hull

279 +1

279 +1

285 +1

Wheat Gluten

Southern Ports

216 0

209 -7

POA

Maize Gluten

Southern Ports

233 -11

233 -11

239 -9

Liverpool

233 -11

233 -11

239 -9

Whole Maize

(Ground +£10)

Southern Ports

POA

227 -1

236 -8

Liverpool

POA

225 -3

236 -8

Palm Kernel Exp

Southern Ports

asa 196 0

194 0

192 0

Liverpool

POA

asa 194 0

192 0