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National & World Ag News Headlines |
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Soybean, Corn Prices Are Up in Brazil
USAgNet - 05/09/2012
Severe weather and crop failures in south Brazil and increased consumption demand are driving up corn and soybean meal costs in that country, putting pig and poultry farmers on alert.
Ariovaldo Zani, executive VP of Brazil's National Animal Feed Industry Association, Sindirações, said feed production this year will increase by 3.0 to 3.5 percent. Feed costs account for about 60 percent of Brazilian pig and poultry producers' total production cost.
"The Brazilian animal feed industry depends on the food industry which, in turn, is modulated by domestic and international consumer demand," Brazil's National Animal Feed Industry Association said.
Soybean meal and corn account for about 80 percent of the feed consumed by poultry and pigs in Brazil.
According to the Association, last year, 66 million tons of feed were produced, with 37.8 million tons going to poultry farms and 15.4 million tons going to pig farms. On poultry farms, 61 percent of the feed is made up of corn and 25 percent soybean meal, while pig feed is made up of 68 percent corn and 16
percent is soybean meal.
For corn, the average productivity in the southern region will be much lower than last season and even less than the average of the last 10 years which will increase the dependence on the winter corn crop.
Winter corn areas are expected to increase but it is too early to predict if that will equate into larger production.
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