Global feed markets are complex, interrelated and not easy to predict, however Jack Watts gave clear messages on the fundamentals but was sure not to try and get anyone to trick him into a price prediction!

Jack gave Somerset Pig Club an excellent and factual presentation. The group were already very informed about many of the global issues that had faced world markets and the effect that CAP reform made on EU stocks but it is the future that counts and what, if any, security can be bought into purchasing feeds. This security or insurance of price can be gained through a CALL Option, although it is impossible to say whether buying now or next month will save you £10/tonne, Jack explained that Options can guarantee your price going forward so you have that as a fact that you can build into your COP and business plan, something you can control.