Free range egg production is enjoying continued year on year growth, an opportunity that has not gone unnoticed by farmers working in less predictable sectors.
The lack of price action recently has been so dull, that the grain trade are acting like door-to-door salesmen in their efforts to try to create a market. They say anything is possible in the USA... A microwaved egg has been the subject of an American lawsuit where a customer bit into an egg resulting in burns and hearing loss due to the massive ‘pop’.
After making continued contract lows throughout this week, global grain markets (CBOT, Matif, Liffe) started to see a slight recovery in the latter part of the week. A 1942 explosive rat is due to be auctioned with a presale estimate of £1,500!
Our stand at the Welsh Winter Fair on Monday 27th and Tuesday 28th November was bustling.
Generally, UK wheat is in supply and demand balance and trading within a narrow price band. And what goes up must come down - Imagine how this poor Japanese lady felt when she stepped into this fake lift. No doubt relieved to be alive.
We are exhibiting at the Royal Winter Fair on Monday 27th and Tuesday 28th November at the Royal Welsh Showground.
Last Friday, UK May wheat futures closed down £0.60 at £145.65, the same day that Vivergo announced that they were to bring forward and extend their `annual maintenance’ due to low biofuel prices and low profit margins. They also took a swipe at ‘government inaction’ regarding its failure to legislate for E10 (10% bioethanol and 90% petrol).
Every harvest year is different to the previous, but this one is unique. As we have reported for several months there is a North-South divide, with wheat in the South valued at about £140/t, in Cheshire about £10 more, and the North-West at an additional £7/t!
Despite volatility through the week, week futures rebounded back to £147 by Thursday as the BoE increased interest rates for the first time in 10 years. The Esmeralda sank and was finally located off Oman in 2014, where archaeologists recovered the ship’s astrolabe.
If it had not been for the early harvest in August this year, many feed millers would have run out of wheat. ‘Works of the Old Men’, kite-shaped structures were used to catch migratory birds.
Early in the week a Bloomberg headline about Brexit negotiations grinding to a halt, sent Sterling tumbling by 0.5 cent in one minute, which set the tone for the rest of the week.... and GPS... its uses are endless!
At the end of September – Martin Humphrey along with representatives from the NFU and Stonegate Farmers visited Brussels to discuss extensions to the 2 organic poultry derogations due to expire at the end of the year.
A week of contrasts, with wheat down, and soya up and at the same time Samuel Johnson’s adage that 'a fishing rod is a stick with a hook at one end and a fool at the other’ was again proved right!
Peter Humphrey, of Humphrey Farms, has been presented with the 2017 Lifetime Achievement Award by BFREPA (British Free Range Egg Producers Association).
According to Channel 4’s “Superfoods, the Real Story”, eggs share some of the superfood properties of kale, and one of the natural colourings we add to our poultry feed makes eggs even better for your health.