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Asia

November 9, 2015
 
Thai Feed & Livestock Weekly: Vegetarian festival continues to exact toll on feed grain and livestock prices (Oct 19-25, 2015)
 
By F.E. OLIMPO
 
An eFeedLink Exclusive
 
 
Price summary
 

FEED GRAINS

AVERAGE PRICE
as of Oct 19 - 25, 2015
(in THB/Kg)

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

Changes
(in THB/Kg)

Corn 

7.39

7.39

0.08

Soy 

14.50

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 19 - 25, 2015
(in THB/Kg)

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

Changes
(in THB/Kg)

Live pigs

66.33

67.21

-0.42

Live broiler

38.24

39.91

-0.30

Eggs/100 pcs

281.00

287.00

2.00

Beef cattle (live)

105.62

105.32

-0.02

 
 
Feed grains
 
There has been no movement in the price of corn in the market since last week, except those delivered straight to Bangkok feed mills.
 
The buying price this week for corn with moisture content of up to 14.5% is THB7.39/kg, unchanged since the previous week, according Thailand's Office of Agricultural Economics (OAE).
 
The average buying price now at feed mills in Bangkok, according to the OAE, is THB8.50/kg, down from THB8.58/kg last week. Industry insiders say feed demand remains sluggish since meat consumption in the country has yet to fully recover from nine days of meat abstinence.
 
Thailand celebrated its annual vegetarian festival on October 13 to 25 during which demand for meat, including eggs, plunged to near zero.
 
Probably, industry insiders add, feed mills are taking the cue from the Chicago futures market where the price of corn for delivery in December has dropped to THB5,278/tonne from THB5,340/tonne a week ago. The price drop came shortly after the USDA projected a decline of 0.78% in global corn demand for market year 2015/16 due to a projected lower consumption in the EU, Mexico and Ukraine.
 
The price of soy has also fallen by 3.7% to THB14.50/kg, from THB15.07/kg last week, on weak demand and also in line with international trend. At the Chicago futures market, soy for delivery in December now trades at THB11.72/kg, down from THB11.83 a week earlier.
 
That of soymeal remains stable at THB16.50/kg, however.
 
Demand for fishmeal with less than 60% protein is high, pushing its price to THB42.37kg, from THB39.99kg baht per kg of 2.38 baht last week. But with sufficient catch from fishermen, fishmeal producers are buying trash fish at only THB8.20/kg, from THB9.24/kg last week.
 
 
Livestock
 
The price of live hogs remains weak on poor pork demand in the wake of the national observance of the annual nine-day vegetarian festival.
 
Meat dealers are buying live hogs at THB66.33/kg, down from THB67.21/kg last week. According to the Department of Internal Trade, which monitors consumer prices on a daily basis, some meat wholesalers have been buying live pigs at a slightly higher price of THB67.50/kg like they did last week.
 
The price of live chicken also remains in the doldrums, further falling to THB38.24/kg this week from THB39.91/kg a week ago again on account of the vegetarian festival when Thais shy away from meat and poultry.
 
Egg prices also continue to drop, now down to THB287 per 100 pieces from THB298/kg last week.
 
Of all livestock, only the price of live beef cattle showed upward movement, posting at THB105.62/kg from THB105.32/kg last week. In Thailand, demand for beef is hardly affected by the annual meatless festival as the bulk of its consumers are foreigners. Most Thais don't eat meat of large animals like beef cattle and buffalo.
 
US$1=THB 35.94 (as of Nov 9, 2015)
 


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