UK feed market trades/views
Availability issues and technical nearby tightness continue to dominate. Whilst the weather remains cold & wet spot demand is holding up well, but consumers are concious that turn-out isn't likely to be very far away.
In addition many compounders will be hitting their customers with hefty price increases on 1st May, as they come to the end of their cheap winter purchases & start passing on the cost of reality and replacement.
Consequently many are not expecting to be too rushed off their feet once we get into May and are generally content to sit back & see how things develop.
Of course the shippers for their part, with only scant sales on for May onwards, are unlikely to have stores groaning at the seams with product looking for a home, so it looks like a bit of a cat & mouse game developing, with front-end tightness (& premiums) a likely feature.
Spot rapemeal remains difficult in the north with £200 and £201 reported done to shipper buyers ex Humber. Erith is a different kettle of fish with fixings for this week offered at £190 and w/c 21st at £182, looking for buyers.
In addition many compounders will be hitting their customers with hefty price increases on 1st May, as they come to the end of their cheap winter purchases & start passing on the cost of reality and replacement.
Consequently many are not expecting to be too rushed off their feet once we get into May and are generally content to sit back & see how things develop.
Of course the shippers for their part, with only scant sales on for May onwards, are unlikely to have stores groaning at the seams with product looking for a home, so it looks like a bit of a cat & mouse game developing, with front-end tightness (& premiums) a likely feature.
Spot rapemeal remains difficult in the north with £200 and £201 reported done to shipper buyers ex Humber. Erith is a different kettle of fish with fixings for this week offered at £190 and w/c 21st at £182, looking for buyers.
