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Market Reports
 
October 30, 2015
 
Thai Feed & Livestock Weekly: Vegetarian festival drags livestock, feed grain prices down (Oct 5-11, 2015)
 
By F.E. OLIMPO
 
An eFeedLink Exclusive
 
 
Price summary

FEED GRAINS

AVERAGE PRICE
as of Oct 12 - 18, 2015
(in THB/Kg)

AVERAGE PRICE
as of Oct 5 - 11, 2015
(in THB/Kg)

Changes
(in THB/Kg)

Corn 

7.39

7.47

-0.08

Soy 

15.07

15.65

-0.58

Soymeal 

18.35

18.35

---

Fishmeal (less than 60% protein)

39.99

39.70

29.00

 

 

 

 

LIVESTOCK

AVERAGE PRICE
as of Oct 12 - 18, 2015
(in THB/Kg)

AVERAGE PRICE
as of Oct 5 - 11, 2015
(in THB/Kg)

Changes
(in THB/Kg)

Live pigs

67.21

69.44

-0.42

Live broiler

39.91

41.44

-0.30

Eggs/100 pcs

287.00

290.00

2.00

Beef cattle (live)

105.32

105.29

-0.02

  
Feed grains
   
Livestock prices in Thailand have plummeted in the wake of the Buddhist country's annual vegetarian festival celebration. For nine days (Oct. 11 t0 19 this year), millions of Thais refrained from eating animal meat, including eggs, causing demand for livestock - and, consequently, feed grain -- to plunge.
 
Corn prices are down by a little over 1% to THB7.39/kg from THB7.47/kg a week ago, with the buying price of Bangkok feed mills down to an average of THB8.58/kg, from THB8.78/kg just before the nine-day festival.
 
With overseas demand just as weak, the export price of Thai corn has also fallen to US$249.80/tonne (THB8,803/tonne), from US$251.20/tonne (THB9,053/tonne) a week ago, according to Thailand's Office of Agricultural Economics (OAE).
   
Thai corn's export price take its cue from the Chicago futures market where the average price of US corn for delivery in December 2015 is THB5,340/tonne, down from THB5,647/tonne a week ago.
 
The price of soy in the country has also dropped -- to THB15.07/kg from THB15.65/kg last week, a 3.71% decline, although the price of soymeal remains unchanged at THB18.35/kg.
 
OAE analysts believe that while prices of other feed ingredients should begin to recover in the next few weeks owing to higher meat demand in the run-up to the yearend holidays, weak soy prices could linger a little while due to higher harvests in Brazil.
 
Soy output in India and Ukraine is down in the current crop season, but Brazil's exports last month, according to Thai analysts, more than offset the two country's production deficit.
  
Livestock
 
In the weeks leading up to the meatless festival, live hog prices have been falling, as should be expected. This week, they have gone down to THB67.21/kg, about THB2/kg less from last week's THB68.55/kg.
 
In Bangkok, the country's capital, the price decline has been a little steep. Although live hogs now trade at THB67.50/kg, about THB0.30/kg more than the national average, the difference from last week's price of THB71.50/kg is -- at THB5.59/kg -- rather hefty.
 
Not surprisingly, Thailand's broiler market has also been sluggish on lack of consumer demand. In fact, while the national average for a kilogramme of live chicken is THB39.91/ baht per kg, from last week's THB41.4438.86/kg, in Bangkok the price is much worse.  In Bangkok, the Department of Internal Trade reports, that the whole sale price of live chicken is THB33.50/kg.
 
The presence of foreign tourists, who are served pork, chicken and eggs despite the national abstinence for meat, in many resorts outside Bangkok have been mainly responsible for the higher livestock prices in the provinces.
 
Egg price is down to THB287 per 100 pieces from THB290 last week.
 
In a country where most of its population isn't fond of beef, the price of live cattle hasn't been affected by the vegetarian festival.  The average national for a kilogramme of live beef cattle has in fact increased, albeit marginally, to THB105.32/kg from last week's THB105.29/kg, again thanks to the presence of foreign tourists and expatriates, who make up the bulk of its consumers.
 
US$1=THB 35.65 (as of Oct 30, 2015)
 


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