IFCN feed price indicator

General:

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: 

From April to May, the IFCN feed price indicator increased slightly in US-$ terms, by +0.6%. As in the previous month the development was driven by an increase in soybean meal prices (+4.3%), while corn decreased (-2.0%).


In € terms:

The IFCN feed price increased to a higher extent in Euro terms (+3.2%) due to exchange rate developments.


Update done:

12.06.2012


*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.


IFCN milk price indicator
May 2012
27.6 €/100kg arrow down
35.4 US-$/100kg arrow down
Read more
IFCN feed price indicator
May 2012
25.4 €/100kg arrow up
32.6 US-$/100kg arrow up
Read more
The latest news & dates

13th IFCN Dairy Conference in Kiel

07. Jun 2012
Since the year 2000 the annual IFCN Dairy Conference is the key event for dairy farm economists...  Read more »

IFCN PPT at the Alltech’s 28th Annual International Symposium, Lexington, Kentucky, USA

29. May 2012
Mikhail Ramanovich from the IFCN Dairy Research Center held a presentation in the Dairy session...  Read more »

85 Research Partners

Blagica Sekovska

Macedonia The Fmr Yug Rp

8 Institutional Partners

6 Main supporting Partners

84 Supporting Partners

Dairy Farmers

Ethiopia
IFCN Dairy Research Center | Schauenburgerstr. 116 | 24118 Kiel, Germany | E-Mail: info@ifcndairy.org | Phone: +49 (0) 431-5606-250 | Fax: +49 (0) 431-5606-262 | Imprint