European feed production drops
Dip also expected in 2010
European Union feed makers in 2009 produced 3.8% less feed than in 2008, according to a report from FEFAC, the European Compound Feed Manufacturers’ Federation. Following its recent meeting, the group said cattle feed was down by 6%, pig feed by 5% and poultry feed by 1%.
Current forecasts for the 2010 harvest indicate that production will decrease by 1% compared to 2009. FEFAC members expect to see relatively low quotations for crops this year due to record harvests in South America and a less favorable dollar-euro exchange rate.