Soyameal climb expected to be temporary
By FWi staff
INCREASED interest in Chicago soya futures helped push the UK market for soyameal higher this week. But the price rise is expected to be temporary.
Rumours of a tightening in vegetable oil supplies saw the price of imported high-protein soyameal climb by £5 to £166/ tonne. Analysts say the climb is little more than a blip, however. Supplies are expected to cheapen as Brazils soya harvest hots up.
For the time being, rape meal is a cheaper source of protein. Home-produced supplies fell by £10 on the week to close at £101/ tonne.
After trading at £16/ tonne for weeks, brewers grains eased by £2 to just £14/ tonne. Home-produced wheatfeed pellets eased £2 to £79/ tonne. But home-produced maize gluten gained £1 and is now selling at £80/ tonne.
Imported straights continued to feel the effects of the strong Pound. Most prices are falling week-by-week as Sterling strengthens. Distillers dried pellets eased by £1 to £104/ tonne. And citrus pulp dropped £4 to £70/ tonne.
All other ruminant straights are available at last weeks prices.
Prices
Wednesday 1 April, 1998
Oil
(%)CP
(%)DCP
(%)Fibre
(%)Ash
(%)Calc ME
(MJ/kg DM)Spot
price (£/t)Dry matter
(DM %)Energy
cost (p/MJ)DCP
cost (p/g)
Brewers grains
(20t tipped)7.7 24.5 18.4 17.0 4.5 11.7 14.00 24 0.50 0.03
Citrus pulp
pellets/meal3.0 7.0 4.0 13.0 7.0 12.5 70.00 90 0.62 0.19
Distillers dried
Home-prod pellets7.5 34.0 26.0 8.5 4.0 14.0 WDN 90 0.00 0.00
Distillers dried
Imported meal7.0 28.0 22.0 9.4 4.0 13.5 104.00 90 0.86 0.05
Fishmeal, pure
2 t lot bags10.0 73.0 71.0 0.9 17.7 14.9 530.00 90 3.95 0.08
Maize gluten
Home-prod pellets4.0 20.0 17.0 8.0 7.0 13.0 95.00 90 0.81 0.06
Maize gluten
Home-prod meal3.0 20.0 17.0 8.0 7.0 13.0 80.00 90 0.68 0.05
Maize gluten
Imported pell/meal3.0 20.0 17.0 8.0 7.0 13.0 82.00 90 0.70 0.05
Molasses (cane) 5.0 4.25 8.0 12.7 99.30 75 1.04 0.31
Molasses (Molmax) 16.0 13.6 8.0 11.5 86.80 68 0.91 0.08
Palm kernel expell
meal – Malindo8.5 15.5 12.0 20.0 4.0 12.7 71.00 90 0.62 0.07
Rapeseed meal
Home-produced2.5 40.0 34.0 12.0 8.0 12.0 101.00 90 0.94 0.03
Soya bean meal Hi pro 1.77 52.0 45.0 4.5 7.0 13.5 166.00 90 1.37 0.04
Soya bean meal
Brazilian 48% pell/meal1.66 52.0 45.0 6.0 7.0 13.5 WDN 90 1.69 0.05
Supergrains
(20-25 tne tipped)10.0 32.0 25.0 16.0 1.5 14.0 27.50 26 0.76 0.04
Sugar beet pulp dried
Home-prod mol pell0.6 11.0 8.0 13.5 8.0 12.5 89.00 90 0.79 0.12
Sugar beet pulp dried
Imported mol pellets0.4 11.0 8.0 13.5 8.0 12.5 n/a 90 0.00 0.00
Sugar beet pulp dried
Imported unmol pellets0.5 9.0 7.5 18.0 8.0 12.5 n/a 90 0.00 0.00
Vitagold (25t tipped) 10.0 34.0 26.0 11.0 3.0 14.5 37.00 35 0.73 0.04
Wheatfeed pellets 4.5 17.0 14.5 8.0 5.0 12.5 79.00 88 0.72 0.06
Source: KW Agriculture