MARKETS: Feed cost falls back

Some of the pressure on producers has eased a little as raw material prices have come off their summer highs, but feed costs still remain at relatively high levels. Feed wheat spot prices have fallen an average £4 a tonne during the past month, and with soyameal showing little change over the same period, PW’s basic layers rations (see top right) has edged back another £3/t. It is now down £6/t since August overall. Feed wheat costs are still only back to where they were in August, and it