Livestock feed in Italy: Soft wheat and sorghum on the rise

Published 2024년 5월 20일

Tridge summary

The article highlights a surge in the prices of soft wheat, sorghum, soybeans, and sunflower flour in the Italian market, while barley prices remain stable. This increase is attributed to adverse weather conditions in Russia and Ukraine, expected to impact the next harvest seasons, leading to a decrease in harvest forecasts. Additionally, the prices of soybean meal have reversed direction, experiencing a drop, despite an uptick in global soybean production as reported by the USDA. The article provides an overview of the current trends in livestock feeding prices for fodder cereals and livestock raw materials as of May 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest increases are affected by forecasts for the next harvests, which are estimated to be significantly lower. The Bmti findings also record a further rise for soybeans For livestock feed, the last week showed increases compared to the previous one for the prices of soft wheat and sorghum. According to Bmti calculations, the Italian market was affected by the increases recorded at community level, linked in particular to the drought conditions in Russia. Barley, on the other hand, does not record any noteworthy changes, awaiting the new harvest. Soybeans continue to increase, while soybean meal decreases, influenced by the prices of the Chicago Stock Exchange and the favorable euro-dollar exchange rate. Both wholemeal and protein sunflower flour are on the rise; rapeseed flour is stable. Leap forward for soft wheat The tension due to adverse weather conditions on the next harvests in Russia is pushing the prices of feed grains higher. According to the latest data published ...

Source: Terraevita