May 02 2022
S&P Global Commodity Insights will begin publishing a daily price for the relative value comparisons of Americas animal feed ingredients that Platts assesses, effective May 2, 2022.
The calculated values give feed buyers more tools to compare different animal feed ingredients.
S&P Global proposed these new calculations in a subscriber note published March 14. The Americas relative values are calculated using Platts assessment prices and CME futures settlement prices, compared on a percentage based on their US dollar to short ton value.
Platts North America price assessments are timestamped to 1330 Central Time while Latin America agriculture prices are timestamped to 1730 São Paulo time.
S&P Global will begin publishing:
The US Distillers Dried Grains with Solubles CIF New Orleans (AADDG00) relative value to corn will be calculated as a percentage of the US #2 yellow corn CIF New Orleans (WCNOA00) price and published under the symbol: ADDGB00.
The US Distillers Dried Grains with Solubles CIF New Orleans (AADDG00) relative value to soybean meal will be calculated as a percentage of the Soybean Meal Argentina FOB Up River (SYMAA00) and published under symbol: ADDGC00.
The US Dried Distiller Grains FOB Chicago truck (ACDDG00) relative value to soybean meal will be calculated as a percentage of the CBOT Soybean Meal Settle Mo01 (CBAAB00) and published under symbol: ADDGD00.
Platts will also publish the Platts US DDGS CIF New Orleans, Soybean meal FOB up-river Argentina and US #2 yellow corn CIF New Orleans as a value per unit of protein (PUP) under the respective symbols: ADDGA00, ASOYA00, and ACORA00.
As per Platts methodology, US DDGS calculation uses a 25% minimum protein content, and Argentinian soybean meal uses the assessed 47% protein content.
The animal feed ingredient calculations will be published in the Daily Grains report, and on Platts Dimension Pro under their corresponding symbols as well as on the Platts Agriculture Alert and Platts Biofuel Alert pages 501, 502, and 503.
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