On April 12, corn futures traded above CBOT wheat prices for the first time in 15 years — an event that analysts said could encourage even more wheat use in feed rations.
Wheat prices have increased by 4.5% in the last three months as demand for the grain's use in animal feed has strengthened and stockpiles have decreased in the wake of rising corn prices, according to the Chicago Board of Trade.
On April 12, corn futures traded above CBOT wheat prices for the first time in 15 years — an event that analysts said could encourage even more wheat use in feed rations. Wheat prices have risen 13% and corn 16% since March 31, when the U.S. Department of Agriculture announced that corn stockpiles were at a four-year low. “The whole grain market is related through animal feed because producers tend to switch from corn to wheat,” said Jonathan Bouchet of Paris-based OTCex Group. “Right now wheat is supported by the corn story.” According to the USDA, feed will account for 18% of global wheat use in the marketing year through May 31, compared with 59% of corn consumption.
Webinar discuss feed enzymes for poultry feed millers
Near-record meat prices spur demand for animal feed
extension outreach appointment, Dr. Tom Overton, professor of dairy management
within Cornell University’s College of Agriculture, spends much of his time
working with NY dairies, their nutritionists and vets on issues related to
transition cow management. In his opinion, one of the areas of opportunity for
dairy farms can be found in the management of the pre-calving diet. With
his team, Overton is currently involved in a commercial research study involving
55 farms focused on the influence of particle size on dry cow diets. “We’re
finding that diets are quite sortable with large differences in particle size
distribution,” Overton explains. “[The industry] needs to do a better job in
terms of particle size to make [the rations] less sortable.” In a
total mixed ration, sorting is problematic because cows tend to favor the grain
component and therefor may not consume the necessary fiber and nutrients. In
this video, Overton discusses his team’s research involving pre-calving dairy
diets at the World Dairy Expo. The 2014 edition of
the World Dairy Expo, which was held in early October in Madison,
WI, drew more than
300,000 visitors from roughly 90 countries. The event featured 2,500 head of
dairy cattle and more than 250 exhibitors.
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