In the latest GB October animal feed production statistics, overall production has fallen to the lowest level since 2016/17 as both the pig and poultry sectors decline.
While October historically is a month of minimal demand before picking up again in November and December, the degree to which pig and poultry demand has decreased has been a concern for domestic demand.
October total compound pig feed fell to 159.4Kt and the lowest monthly volume since 2018/19. Seasonally, and we expect production to have recovered into December, but with production having fallen in October by 11% year on year, and a depressed level of demand is set to continue.
While compound pig production has fallen by 11% year on year, the impacts of higher feed costs and avian flu have resulted in a 4% year on year decline in October poultry compound feed production falling to 314kt and the lowest monthly volume since 2015/16, however, while down 4 year on year, at 314kt, this is down 11% from the peak of demand in 2019/20.
Integrated Poultry Units have also recorded a fall in feed production, with monthly volumes falling to 162Kt and the lowest volume since 2018/19.
Overall, the impact of reduced demand for animal feed from both the pig and poultry sectors has resulted in reduced demand for UK grains, keeping the UK trading toward an export competitive level.