IFCN feed price indicator
The IFCN feed price indicator* represents the world market price level for feed. It is based on the soybean meal price and corn price.
The arrow beneath the price indicates the direction of change from the previous month to date (e.g. green arrow: up from last month).
Price developments:
In US-$ terms:
In US-$ terms the IFCN feed price indicator increased from December to January (+6.0%) after 4 months of decreasing prices. The development was driven by an increase in both, corn (+4.8%) and soybean meal prices (+8.4%). This comparatively strong increase got the IFCN feed price indicator back to near-October 2011 levels.
In € terms:
The IFCN feed price increased by +8.4% in Euro terms due to the exchange rate effects.
Update done:
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*Specifications:
Soybean meal: >=48% protein, Chicago future first contract forward
Corn: US No. 2 Yellow, FOB US Gulf
Calculation: IFCN feed price indicator = 0.3 kg soybean meal price + 0.7 kg corn price
Sources: Soybean meal and corn prices from IMF. Conversion of the price from US-Dollar to Euro is done with exchange rates from www.oanda.com.
