European feed prices hit record highs on volatile futures
European soybean meal and corn prices climbed to their highest levels since Platts, part of S&P Global Energy, launched its EU feed assessments in May 2025, on Sept. 3, as market participants pointed to a combination of rising futures and strengthening physical premiums. Platts, part of S&P Global Energy, assessed FOB Netherlands soybean meal at ...
European feed prices skyrocketed to record highs on Sept. 3, as feed costs continued to climb due to a mix of rising futures and increased physical premiums, according to Platts, a unit of S&P Global Energy. Soybean meal and corn prices reached their highest levels since May 2025, with soybean meal in the Netherlands reaching €400/metric ton and corn in Spain hitting €248/mt.
Market participants described a volatile environment, as a Dutch broker noted uncertainty over futures made it tough to predict price movements. While demand remained subdued, traders expected the high futures and premiums to continue pushing prices higher. Concerns over the EU Deforestation Regulation (EUDR) and its associated compliance premiums were also anticipated to resurface later in the year, potentially adding over €1 billion to soy sourcing costs by 2027, according to a report from the European Feed Manufacturers’ Federation.
US soybean meal was noted as the most competitively priced option currently, as European feed manufacturers began considering alternative formulations due to rising corn prices.
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