Demand for feed remains subdued due to the benign weather conditions. Grass growth continues to remain strong and many animals are now out on grass for the time being at least. The demand for feed wheat remains reasonable however demand for barley remains weak and this is continuing to be a worry as the feeding season window narrows.
Irish grain prices remain steady, however, barley is struggling as demand is light and there are reasonable stocks available. Last August, during the drought many buyers had bought ahead to protect themselves against shortages but with the surge in fodder supplies into the Winter this did not materialise and the quantities ordered were not required.
Native grain prices remain unchanged from last week. There will be little activity over the coming weeks until action returns in January. Unfortunately, the Ukrainian maize harvest has been revised upwards by 1 million to 35 million tonnes which could create extra import pressure. However, China is in talks with the Ukraine regarding increased imports of the product which could alleviate the problem.