Cereal and straight feed future prices have eased slightly from recent highs in the last month bring some hope of lower feed costs this winter for livestock farmers.
However despite some significant falls on wheat other raw materials have yet to follow suit with more modest falls to date.
Overall the impact of these price falls is likely to equate to no more than £10 per tonne on a typical 18% protein compound or blend compared to recent highs.
With the USDA report today reducing crop estimates on corn and wheat there is potential for these prices to bounce back sharply, but much will depend on world demand in these times of austerity.
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