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Contact

Photo of USDA report prompts further feed price falls

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

Email Bethan

T: work 024 7647 8757

USDA report prompts further feed price falls

The latest world supply and demand estimates, released by the USDA yesterday further compounded the bearish sentiment that the grains and oilseeds market is experiencing.

The latest world supply and demand estimates, released at 5pm (BST) on Thursday (11 September) by the USDA further compounded the bearish sentiment that the market is experiencing. For wheat and maize, production estimates were increased further, but the most dramatic boost was seen for soyabeans.

A summary of the contents of the USDA report can be found by clicking here.

The report caused an immediate fall in the markets, with UK feed wheat futures (Nov-14) closing at £114/tonne, down £3 on the day and the lowest nearby price recorded since July 2010.