Market Update The DBC arrow traffic light system is a good indication on the direction the market price is moving and when the time is right to buy. PKE
The PKE price is still higher than ideal, despite pricing easing slightly over the past week. However, international pricing has firmed, which puts pressure on local pricing. PKE pricing is also impacted by international freight prices which is higher than 18 months ago which influences local prices. Protein
Soya Meal spot price has fallen back over recent weeks. It is assumed that this is due to the reliable rainfall establishing crops over in the U.S. However, traders are still nervous that this seasons crop will be lower in yield due to less over all land area planted in Soya Bean. Because Soya Meal is the main driver of protein prices globally, this has influenced the price of Canola and Maize DDG price. The maize DDG price is also influenced by the high corn prices in the U.S. Grains
Due to the predicted increase in milk pay out, grain prices have risen. It has also been implied that there was not the volume of quality grain harvested this season, suggesting the price will only increase coming into the season due to shorter supplies. If grains such as wheat and/or barley are a part of your business then it is strongly advised to contract your required tonnages sooner rather than later. For more information on the market or to contract commodities please get in touch with your DBC rep about feed options we can provide to help you through these times. |