Tridge summary
In 2020, livestock feed prices experienced a general rise, mirroring the trends of their raw materials, especially soybean meal and corn, which saw increases of 27% and 14.15% respectively. The price hike affected all feed types, with the most significant increases observed in feed for intensive sectors like laying hens, chicken, fattening pigs, and rabbits. Prices remained steady until August, then trended upwards, closely following the rise in soy prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of feed for livestock registered a general increase throughout 2020, in line with the increase also registered by raw materials. According to data published by the Ministry of Agriculture, the most important increases among the latter correspond to soybean meal and corn. The report of the Ministry on the evolution of the price of feed throughout the past year shows that the average price of soybeans in the last week of December was 465 euros per ton, that is, 128 euros higher than in the first week week of January, which represents an increase of more than 27%. In the case of corn, the rise was 14.15%, with which the price went from 182 euros / ton in the first week of the year to 212 euros in the last. For their part, wheat and barley rose less significantly. The rise in the case of wheat was 3.67% (it closed the year at 218 euros / ton) and in the case of barley 3.13% (192 euros / ton at the end of 2020). Those increases translated into more expensive livestock feed. ...
Source: Agropopular
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