DELIVERED, export and LIFFE wheat markets were higher across the board, with delivered new-crop prices gaining 2 on last week as forecast rains over the weekend added to concerns over crop condition and output.
Difficulties continued with finding spot grain amid a lack of farm selling and robust domestic demand.
Ex-farm feed wheat prices eased into the low-70s in most regions last week, but were particularly higher in the North and West of the country.
- Feed output strong
GB retail compound feed output remained strong during February, but not as strong as January.
Cattle feed output was up 6% during February compared to February 2000. Pig feed output fell 10%, compared with 12-15% reductions in the first half of the season.
Total wheat usage during February rose 7% on February 2000. Poultry integrated unit feed output was up 4% on February 2000, with wheat usage up 9%.
- Maltsters use more, millers the same
USAGE of wheat by millers during February was up 1% on February 2000, but end-February cumulative usage remains almost unchanged on last season at 3.74m tonnes.
Maltsters usage of barley was up 11% during February, but is just 1% up over the July to February period.
Taken from HGCA weekly MI Bulletin
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