Pig feed manufacturing between July and October, at 617,200 tonnes, used to be 41,200t less than the similar length in 2022, a 6.3% drop that may hose down expectancies over impending pig herd restoration.
The most important losses had been noticed in hyperlink/early grower feed, down 14,600t, and pig completing compounds, which noticed a 26,700t drop.
“Lacklustre call for from the field is most likely connected to expectancies of an ongoing top value of manufacturing,” stated Olivia Bonser, AHDB cereals & oilseeds analysts.
“Consequently, anecdotal studies counsel that regardless of contractions ultimate season, it’s not likely the pig herd will see a lot enlargement this advertising and marketing 12 months retaining the call for outlook sluggish.”
AHDB’s newest GB animal feed manufacturing figures confirmed general GB animal feed manufacturing, together with built-in poultry devices (IPU), used to be down 1.9% at the 12 months between July to October this season. This used to be the bottom degree since 2016/17.
Whilst the vast majority of animal feed classes are appearing year-on-year declines, the important thing drivers of the autumn are the pig, sheep and poultry compounders (with the exception of IPU) sectors.
For sheep, this season so far (Jul-Oct), feed manufacturing is down 17.1% or 28 Kt at the 12 months.
The poultry sector appears essentially the most positive in relation to year-on-year restoration for feed call for. Overall poultry feed manufacturing is up 1% or 21,100 t to this point this season, pushed by way of greater manufacturing by way of IPUs.
Cereals utilization
In relation to cereals utilization, to this point this season (Jul-Oct), utilization of wheat, barley, maize and oats has totalled 1.57 Mt, down 3.6% from the similar length in 2022/23.
In AHDB’s newest provide and insist estimates launched ultimate Tuesday, general cereals call for for animal feed in 2023/24 is forecast at 12.443 Mt, slightly unchanged at the 12 months, however the second one lowest degree since 2016/17.
In relation to cereal splits, barley is the one cereal that has noticed a every year upward thrust in utilization, up 1.9% from July to October, because of its relative worth seeing a better proportion used within the ration. Wheat, maize and oats utilization is down 2.7%, 36.4% and 19.9% respectively this season so far in comparison to 2022/23 ranges.
“Taking a look forward, it’s anticipated lately that barley will keep company in rations within the quick time period however might be priced out by way of maize and wheat later within the season,” Ms Bonser stated.
“As such, complete season barley utilization for animal feed is forecast slightly unchanged on 2022/23 ranges lately, in the United Kingdom cereal provide and insist estimates launched ultimate month.
“Complete season wheat and maize utilization are each forecast up 1% this season from ultimate. In the end, oat utilization isn’t anticipated to function closely in rations for the rest of the season and is due to this fact forecast down 21% at the 12 months.”