October 5, 2011
 
Philippine Feed Weekly: Feed prices pick up as holiday season production begins (week ended Sep 14, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Contrary to previous week's slow trade, prices of Philippine feed grains have begun to pick up as demand for meat for holiday season begins.
 
Though prices of hogs continued to decline, local meat processors are using cheaper imported meat which explains the gradual rise of feed prices.
 

However, due to weakening demand fuelled by weather problems and an unstable dollar, observers say prices may again hit a snag in the coming weeks.

 

 
Market Analysis
 
Meanwhile, the unfavourable weather in the US was seen to hike Asian feed grain prices.
 
According to local traders, the hot and dry weather in the US is seen to trim soy yields by 8.2%, posting a three-year low output of 83.2 million tonnes. Supply of high protein wheat availability has also been tight due to drought conditions.
 
Observers say this is one of the reasons why domestic feed prices have increased over the week. However, the falling US currency may still pull down prices in the coming weeks as traders believe that demand for meat and meat products are slower than in the previous years.
 

Prices of raw feed ingredients (in PHP/kg)

FEED INGREDIENTS

Sep 7

Sep 14

Changes

Yellow corn

13.30

13.30

0.00

Rice Bran

14.65

14.50

-0.15

Copra meal

11.10

11.10

0.00

Pollard 

13.30

13.95

0.65

Feed wheat

12.90

13.30

0.40

Coconut oil 

65.00

64.00

-1.00

US soymeal

22.50

23.50

1.00

Argentina soymeal

21.50

22.50

1.00

Molasses

6.80

6.50

-0.30

Fishmeal

48.00

48.00

0.00

Note: Prices are quoted from the Bureau of Animal Industry 

US$1 = PHP43.80 (Oct 5, 2011)

 


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