According to a survey of feed merchants by the Irish Farmers Journal, dairy farmers in the southeast of the country will benefit from a drop in price of €10/t for a 16% protein. In the midlands, the price for an 18% protein is down by €10/t, but overall prices remain the same.
Dairy farmers are paying the least for a protein mix of 18% at €245/t in the southwest of the country compared to the rest of the country, which averages at about €270.
Beef farmers
Prices for beef farmers also remain the same, with the cheapest prices in the southwest of the country, where a 16% protein costs €230/t.
In the northwest, a good-quality beef nut can sell between €250/t to €280/t, while in the southeast a beef nut is going for €225/t to €290/t.
Merchants in the northwest have noted that people are generally buying cheaper feed in the run-up to Christmas.
Prices may rise
At the moment, the raw materials for feed are costing merchants more than one month ago.
With the US dollar becoming stronger and, in turn, the currency exchange higher, there has been an increase in the cost of corn and soya bean in the last month.
Though this is not showing at the moment, it may be reflective in feed prices in the future.
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