China’s higher feed corn use could hit barley prices
Maize (Corn)
China
Published Feb 6, 2023
Tridge summary
China is using more corn in feed rations, which could result in lowerfeed barley prices in Western Canada, says an analyst. “Feed mills have resumed mixing more corn in feed rations as higher prices for wheat and sorghum reduce demand for corn alternatives,” the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) said in a […]
Original content
China is using more corn in feed rations, which could result in lowerfeed barley prices in Western Canada, says an analyst. “Feed mills have resumed mixing more corn in feed rations as higher prices for wheat and sorghum reduce demand for corn alternatives,” the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) said in a recent report. Mills are using more corn due to higher Chinese production of the commodity and falling import prices. China’s corn production in 2022-23 is pegged at 277.2 million tonnes, a 4.6 million tonne increase over the previous year. “Feed mills report more corn in rations each month since July 2022,” according to the FAS report. Compound feed contained an average of 35 percent corn in the first 11 months of 2022, which is four percent higher than 2021 but still well below the more traditional ratio of 50 to 55 percent. Wheat is selling for US$55 per tonne more than corn, which has pushed wheat out of rations. China holds contracts for 3.7 ...
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