Market trends: Spike in feed cost sees rations rise

Ration costs have jumped ahead this month, following a strong surge in the price of soyameal. A period of drifting raw material prices came to an end in early February, when the attention of traders became firmly focused on the worsening drought in Argentina. As a result, the UK spot price for HiPro soya meal has risen sharply from £318/t to £370/t over the past month. In turn, this has propelled the price of PW’s basic layers ration upwards by £14 /t to £232/t. GRAIN MARKET DRIVERS