04 Apr 2022 | 19:12 UTC

S&P Global to launch Americas animal feed ingredient calculations May 2, 2022

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

The calculated values will 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 will be calculated using Platts assessment prices and Chicago Mercantile Exchange 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 São Paulo time.

S&P Global will 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 Chicago Board of Trade Soybean Meal Settle Mo01 (CBAAB00).

S&P Global will also publish Platts US DDGS CIF New Orleans, Soybean meal FOB up-river Argentina and US #2 yellow corn CIF New Orleans as a US dollar per short ton value per unit of protein (PUP).

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

Please send any feedback, questions or comments on the feed ingredient calculations 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 S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available upon requested.