Compound Feed Price Trend and Forecast 2026-2027

Germany paid the most for compound feed in Q3 2026: USD 455/MT, down 0.9% from USD 459/MT in Q2. Higher energy and labor costs, strict feed safety rules and a larger share of specialty feed keep German prices above the other three markets. Worldwide, the average fell 1.0% to USD 399/MT from USD 403/MT, mostly because lower costs for maize, corn and soybean meal led feed mills to lower offers in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 380-415/MT range, with grain and soybean meal prices, energy costs, livestock numbers and animal disease outbreaks doing most of the work.

Compound feed is a ready-made blend of grains, protein meals, minerals, vitamins and additives that is formulated for poultry, pigs, cattle, fish and other animals. It is sold as mash, pellets or crumbles and replaces farm-mixed rations. Prices in this report are quoted per metric ton and depend on grain and soybean meal prices, energy costs, additives and demand from livestock producers.

China, the United States, Brazil and the European Union produce most of the world's compound feed, and production is closely tied to the size of the poultry and pig herds. Maize, wheat and soybean meal make up most of the cost, so feed prices follow grain markets with a short delay. Large integrated companies make their own feed, while independent mills sell to farms. Prices vary by animal type, formula and form.

Compound Feed Price Forecast for 2026

Prices should ease slightly through the rest of 2026. Grain and soybean meal costs are lower and harvest supplies are larger, but steady livestock demand and firm energy costs limit the size of the decline. Year on year, the global average has moved from USD 393/MT to USD 399/MT, an increase of 1.5%.

For Q4, the risks are weighted toward lower prices. What could push prices higher? Higher grain and soybean meal prices, animal disease outbreaks or higher energy costs would lift prices. What could pull them lower? Larger harvests, lower soybean meal prices or weaker livestock numbers would lower prices.

For the Quarter Ending September 2026

Compound Feed Prices Q3 2026:

• Brazil: USD 340/MT
• China: USD 385/MT
• United States: USD 415/MT
• Germany: USD 455/MT

Compound Feed Prices in Brazil

Prices in Brazil softened 1.4% in Q3 2026 to USD 340/MT, compared with USD 345/MT in Q2. Brazilian prices fell as the costs for maize and soybean meal decreased. A year earlier, in Q3 2025, the average stood at USD 334/MT, which makes the current price 1.8% higher. Against the four-market average of USD 399/MT, Brazil stood 14.8% below in the quarter.

Why did the price of Compound Feed change in Q3 2026 in Brazil?

Brazil declined. Costs for maize and soybean meal decreased, feed mills lowered offers, and demand from poultry producers was soft. From USD 338/MT at the close of 2025 to USD 340/MT in Q3 2026, the price in Brazil has risen 0.6%, and the global average has risen 0.8%. The global average shifted 1.0% lower in the same quarter.

Compound Feed Prices in China

China recorded a 1.3% decline in Q3 2026, with the average falling to USD 385/MT from USD 390/MT in Q2. Chinese prices fell as the costs for maize and soybean meal decreased. Taking Q3 2025 as the base, at USD 379/MT, the latest quarter is 1.6% higher. China finished Q3 2026 3.5% below the four-market average of USD 399/MT.

Why did the price of Compound Feed change in Q3 2026 in China?

China declined. Costs for maize and soybean meal decreased, feed mills lowered offers, and demand from hog producers was soft. Across the first three quarters of 2026, China has moved up 0.5% from USD 383/MT in Q4 2025 to USD 385/MT, against a 0.8% gain for the global average. Across the four markets the average was 1.0% lower on the quarter.

Compound Feed Prices in United States

The Q3 2026 average for the United States stood at USD 415/MT, a decrease of 1.0% on the USD 419/MT recorded in Q2. American prices eased as the costs for corn and soybean meal decreased. Against the USD 409/MT recorded in Q3 2025, the current average represents a 1.5% increase. The four markets averaged USD 399/MT in the quarter, so the price in the United States was 4.0% higher.

Why did the price of Compound Feed change in Q3 2026 in United States?

The United States eased. Costs for corn and soybean meal decreased, feed mills lowered offers, and demand from dairy producers was soft. Year to date, the United States is 0.5% higher than the Q4 2025 level of USD 413/MT, while the global average is 0.8% higher. On the global measure the average was 1.0% lower over the quarter.

Compound Feed Prices in Germany

Germany registered a 0.9% decrease in Q3 2026, taking the average to USD 455/MT from USD 459/MT in Q2. German prices eased as the costs for grain and rapeseed meal decreased. The Q3 2025 average of USD 449/MT puts the current price 1.3% above its level a year earlier. In comparison with the average of USD 399/MT across the four markets, the price in Germany was 14.0% higher.

Why did the price of Compound Feed change in Q3 2026 in Germany?

Germany eased. Costs for grain and rapeseed meal decreased, feed mills lowered offers, and demand from pig producers was soft. Over the first nine months of 2026 the price in Germany has risen by 0.7%, which compares with a 0.8% gain in the global average. For comparison, the global average moved 1.0% lower over the same quarter.

For the Quarter Ending June 2026

Compound Feed Prices Q2 2026:

• Brazil: USD 345/MT
• China: USD 390/MT
• United States: USD 419/MT
• Germany: USD 459/MT

Compound Feed Prices in Brazil

Brazil registered a 1.2% increase in Q2 2026, taking the average to USD 345/MT from USD 341/MT in Q1. Brazilian prices rose as the demand from poultry producers improved. This represents a 5.2% increase on the USD 328/MT recorded in Q2 2025. The gap to the four-market average of USD 403/MT was 14.4% below for Brazil.

Why did the price of Compound Feed change in Q2 2026 in Brazil?

Brazil rose. Demand from poultry producers improved, grain costs increased, and feed mills raised offers. This came on top of a 0.9% gain in Q1, and the average ended 5.2% above its level of a year earlier, when it stood at USD 328/MT. Q3 reversed some of the change, with the price at USD 340/MT.

Compound Feed Prices in China

China climbed 1.0% to USD 390/MT in Q2 2026, from USD 386/MT in Q1. Chinese prices rose as the demand from hog producers improved. The year-on-year change is a 4.6% increase, from USD 373/MT in Q2 2025. Relative to the four-market average of USD 403/MT, China traded 3.2% below in Q2 2026.

Why did the price of Compound Feed change in Q2 2026 in China?

China rose. Demand from hog producers improved, ingredient costs increased, and feed mills raised offers. Q1 had brought a 0.8% gain, and by the end of Q2 the price was 4.6% above the Q2 2025 average of USD 373/MT. The price then partly reversed in Q3, to USD 385/MT. The global average shifted 1.0% higher in the same quarter.

Compound Feed Prices in United States

In Q2 2026, the average price in the United States rose 1.0% to USD 419/MT, compared with USD 415/MT in Q1. American prices rose as the demand from dairy and poultry producers improved. The Q2 2026 average is 4.2% above the USD 402/MT recorded in Q2 2025. This places the United States 4.0% above the four-market average of USD 403/MT for Q2 2026.

Why did the price of Compound Feed change in Q2 2026 in United States?

The United States rose. Demand from dairy and poultry producers improved, grain costs increased, and feed mills raised offers. Coming after a 0.5% gain in Q1, the Q2 figure sits 4.2% above the USD 402/MT of Q2 2025. Part of the move was reversed in Q3, leaving the price at USD 415/MT.

Compound Feed Prices in Germany

Germany's average moved up 0.9% in Q2 2026, to USD 459/MT from USD 455/MT in Q1. German prices rose as the demand from pig and dairy producers improved. Compared with Q2 2025, when Germany averaged USD 444/MT, the current price is 3.4% higher. Against the four-market average of USD 403/MT, Germany stood 13.9% above in the quarter.

Why did the price of Compound Feed change in Q2 2026 in Germany?

Germany rose. Demand from pig and dairy producers improved, energy costs increased, and feed mills raised offers. The 0.7% gain in Q1 set the base, and Q2 finished 3.4% above the USD 444/MT recorded a year earlier. Q3 reversed some of the change, with the price at USD 455/MT. On the global measure the average was 1.0% higher over the quarter.

Quarterly Compound Feed Price Trends

Compound Feed prices rose through 2025 and the first half of 2026 before easing in the third quarter in all four markets. The global average moved from USD 382/MT in Q1 2025 to 387 in Q2, 393 in Q3 and 396 in Q4, then 399 in Q1 2026, 403 in Q2 and 399 in Q3, a net gain of roughly 4.5% across the window. Higher grain and energy costs and steady livestock demand lifted prices for five quarters, and lower grain costs caused a decline in the third quarter.

What was Compound Feed Price in 2025?

2025 was a year of gradual increases for compound feed, with prices rising in each quarter in all four markets. Starting near USD 382/MT in Q1, the global average finished the year at 396 in Q4, a gain of about 3.7%. Higher grain and energy costs and steady demand from livestock producers supported feed mills throughout the year.

Compound Feed Prices in Brazil in 2025

In Brazil, prices moved from about USD 322/MT in Q1 2025 to USD 338/MT by Q4, up roughly 5.0%. Brazilian prices rose gradually as grain costs and poultry demand increased. Relative to the end of 2025, the price in Brazil is 0.6% higher at USD 340/MT. The quarterly breakdown above allows each stage of that path to be traced.

Compound Feed Prices in China in 2025

In China, prices moved from about USD 368/MT in Q1 2025 to USD 383/MT by Q4, up roughly 4.1%. Chinese prices rose gradually as ingredient costs and hog demand increased. By Q3 2026 the average for China had reached USD 385/MT, 0.5% above the Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

Compound Feed Prices in United States in 2025

In the United States, prices moved from about USD 397/MT in Q1 2025 to USD 413/MT by Q4, up roughly 4.0%. American prices rose gradually as grain costs and livestock demand increased. The latest quarter places the United States at USD 415/MT, which is 0.5% above the level at which 2025 ended.

Compound Feed Prices in Germany in 2025

In Germany, prices moved from about USD 439/MT in Q1 2025 to USD 452/MT by Q4, up roughly 3.0%. German prices rose gradually as the energy costs and livestock demand increased. Since the 2025 close of USD 452/MT, the price in Germany has moved up 0.7%, reaching USD 455/MT in Q3 2026. The quarterly breakdown above allows each stage of that path to be traced.

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We keep a continuous eye on compound feed prices wherever it is produced or consumed at scale, tracing causation through grain and soybean meal prices, energy costs, additives, animal numbers and demand from livestock producers. Our forecasts draw on production data, trade flows, input cost trends and demand indicators across all reporting regions, so subscribers see why a price moved and not just that it did. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.