S&P Global proposes to launch Americas animal feed ingredient calculations May 2

S&P Global Commodity Insights proposes to publish a daily price for the relative value comparisons of animal feed ingredients assessed by Platts, effective May 2, 2022.

The calculated values would give feed buyers more tools to compare different animal feed ingredients.

The Americas relative values would be calculated using Platts assessment prices, and CME futures settles and compared on a percentage based on their US dollar to short ton value.

Platts North America price assessments are timestamped to 13:30 Central Time while Latin America agriculture prices are timestamped to 17:30 Sao Paulo time.

S&P Global proposes to begin publishing:

The US Distillers Dried Grains with Solubles CIF New Orleans (AADDG00) relative value to corn would be calculated as a percentage of the US #2 yellow corn CIF New Orleans (WCNOA00) price.

The US Distillers Dried Grains with Solubles CIF New Orleans (AADDG00) relative value to Soybean Meal Argentina FOB Up River (SYMAA00)

The US Dried Distiller Grains FOB Chicago truck (ACDDG00) relative value to CBOT Soybean Meal Settle Mo01 (CBAAB00)

Platts also proposes to publish 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).

As per the methodology US DDGS calculation would use the 25% minimum protein content, and Argentine soybean meal will use the assessed typical protein level of 47% protein content.

Please send any feedback, questions or comments on the proposed feed ingredient calculations by March 29, 2022 to americas_ags@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon requested.