Cheaper grain prices have led to lower meal prices when compared with last winter, but are ration prices reflective of the current prices of straights?

While feed prices eased back in September, a lot of merchants lost out by forward-buying new season grain at higher prices in August. Rather than absorbing these costs, it appears that some are trying to recoup their money with ration prices that do not reflect current spot prices.

For instance, typical prices for imported dried, rolled barley range from £140/t to £155/t, with local treated grain trading back at £125/t.

Table 1 outlines the range in feed prices for a select list of key constituents in cattle rations. Prices outlined are quoted on half-tonne bags and collected from the yard.

Maize meal has a higher energy level than barley and is typically selling from £152 to £190, depending on the merchant. To compare maize meal and barley on feed value, maize meal is worth 5% more. For example, at £150/t for rolled barley, maize meal is worth an extra £8/t or £158/t.

Typical prices for 16% growing rations for weanlings and stores range from £190/t to £210/t. Going on the price of straights this week, a 16% protein ration made up of 40% barley, 15% maize, 5% soya, 15% maize distillers, 20% soya hulls should cost approximately £157/t.

The ration price excludes minerals and molasses. Allowing a £20/t blending charge should bring the complete ration to between £190/t and £195/t.

Pelleted nut rations are selling for between £10/t and £15/t more than blends. There are deals to be had by pricing around.