Maize and soya-based feed prices down

By FWi staff

THE straights market remains fairly static, with home-produced maize gluten pellets and soya-bean meal the main movers.

Maize gluten fell 4/t during the week, and soya-bean meal (Hi-pro) by 3/t.

“The maize was a single shipment, so no double freight costs were incurred,” says David Clarke of KW Alternative Feeds.

“The boat had also been delayed for a week, which has affected the price.

Prices of soya-bean meal have been influenced by reports of heavy rainfall in the mid-west over the weekend.

“Also, the recent US Department of Agriculture report, which forecast a good planting for next year, has helped matters,” adds Mr Clarke.

“All in all, things are now starting to look up.”