Italy: Livestock feeding, another week of generalized declines

Wheat

Published Mar 21, 2023

Tridge summary

According to Bmti surveys, soft wheat stands at €277/t, barley plummets and soybean prices are affected by the maxi harvest in Brazil. Reduced consumption and trade have once again marked the market for raw materials used in livestock feed and prices thus archived another week of widespread reductions both for fodder cereals and for proteins.

Original content

According to Bmti surveys, soft wheat stands at €277/t, barley plummets and soy prices are affected by the maxi harvest in Brazil Reduced consumption and trade still marked the market for raw materials used in livestock feed and prices thus archived another week of widespread declines for both fodder cereals and proteins. In the soybean sector, despite the further cut in Argentine production due to the drought, the record harvest in Brazil, with expectations of a greater supply arriving from South America, also conditioned the prices of foreign soybeans listed in the national commodity exchange lists. Soft wheat, -33% in the price lists compared to last year Prices in further decline for feed grains on all the main national exchanges, weighed down by a lower demand than the available offer. Soft wheat for zootechnical use lost 8 €/t in Bologna, reaching 277 €/t (free arrival). The delay compared to last year is accentuated, currently equal to -33%. Barley yields €25/t in three ...

Source: Terraevita