Wheat for meat now dearer than for bread

The strong EU meat market has helped to push the price of animal feed wheat over the bread wheat price in parts of northern Europe.

European wheat futures fell sharply this week due to a broad sell-off in commodities markets — but feed grain prices continued unusually high.

Earlier this month, in western Germany, feed wheat for nearby delivery in the South Oldenburg animal feed grains market was offered for sale at €239 a tonne last week, compared to €232 for May delivery milling wheat in Hamburg.