For the Quarter Ending December 2025
Maize Gluten Meal Prices in North America
- In United States, Maize Gluten Meal Price Index rose in Q4 2025, influenced by 2.0% industrial production increase in December 2025.
- Production costs for Maize Gluten Meal rose in Q4 2025, due to strengthening natural gas and 3.0% PPI increase in November 2025.
- Demand for Maize Gluten Meal strengthened in Q4 2025, supported by 3.3% retail sales rise in November 2025.
- Robust demand outlook for Maize Gluten Meal was supported by 4.4% unemployment rate in December 2025.
- US corn exports surged in Q4 2025, reflecting robust international demand for corn derivatives.
- Corn prices showed mixed trends in Q4 2025, inching down in October but rising in November 2025.
- US corn ending stocks tightened in December 2025, despite record production, indicating strong demand.
- Consumer confidence, at 89.1 in December 2025, supported stable demand for animal proteins.
Why did the price of Maize Gluten Meal change in December 2025 in North America?
- Rising production costs, including strengthening natural gas prices in Q4 2025, impacted Maize Gluten Meal pricing.
- Stronger demand for animal feed, driven by increased retail sales in November 2025, supported Maize Gluten Meal prices.
- Tightening US corn ending stocks in December 2025, alongside robust export demand, influenced Maize Gluten Meal market dynamics.
Maize Gluten Meal Prices in APAC
- In China, Maize Gluten Meal Price Index fell in Q4 2025 and settled at USD 550/MT, due to -1.9% Producer Price Index in December 2025.
- Production costs for Maize Gluten Meal rose in Q4 2025, as domestic corn prices mildly rebounded at end-2025.
- Animal feed demand in China saw modest recovery in late 2025, supporting Maize Gluten Meal consumption.
- Industrial production grew 5.2% year-over-year in December 2025, aiding overall economic activity.
- China's corn production increased for the 2025-26 marketing year, ensuring ample domestic feedstock.
- Pork output rose significantly in Q4 2025, driving demand for high-protein animal feed ingredients.
- Retail sales grew 0.9% year-over-year in December 2025, alongside 0.8% CPI, indicating weak consumer demand.
- The Manufacturing Index expanded in December 2025, while unemployment was 5.1%, suggesting a stable labor market.
Why did the price of Maize Gluten Meal change in December 2025 in APAC?
- Producer Price Index fell -1.9% year-over-year in December 2025, indicating producer deflation.
- Retail sales grew 0.9% year-over-year in December 2025, reflecting weak consumer spending.
- Domestic corn prices mildly rebounded at end-2025, increasing Maize Gluten Meal production costs.
Maize Gluten Meal Prices in Europe
- In Germany, Maize Gluten Meal Price Index fell in Q4 2025, influenced by declining production costs.
- Maize Gluten Meal production costs declined in Q4 2025, with EU corn prices falling in November.
- German producer prices declined 2.5% year-over-year in December 2025, easing cost pressures.
- Demand for Maize Gluten Meal from livestock and aquaculture showed stable growth in Q4 2025.
- Manufacturing activity contracted in December 2025, indicating economic slowdown.
- Retail sales increased 1.1% year-over-year in November 2025, supporting consumer spending.
- Consumer confidence remained weak at -17.5 index points in December 2025, reflecting cautious consumer sentiment.
- The Consumer Price Index rose 1.8% year-over-year in December 2025, reflecting general inflation.
- Industrial production increased 0.8% year-over-year in October 2025, providing modest economic stability.
- The unemployment rate stood at 6.2% in December 2025, reflecting a moderate level of unemployment.
Why did the price of Maize Gluten Meal change in December 2025 in Europe?
- Declining EU corn prices in November 2025 reduced feedstock costs for production.
- German producer prices fell 2.5% year-over-year in December 2025.
- Natural gas and electricity costs plummeted in Germany during December 2025.
For the Quarter Ending September 2025
North America
- In United States, the Maize Gluten Meal Price Index fell quarter-over-quarter in Q3 2025, influenced by ample corn feedstock.
- Production costs faced downward pressure from elevated corn feedstock forecasts and ample supplies in Q3 2025.
- Animal feed demand expanded in Q3 2025, supported by strong retail sales (5.42% in September).
- Industrial production was 0.1% above year-earlier levels in September 2025, suggesting slow growth in consuming sectors.
- Consumer confidence declined to 94.2 in September 2025, potentially impacting demand for premium pet foods.
- Henry Hub natural gas spot prices remained relatively flat during Q3 2025, contributing to stable energy costs.
Why did the price of Maize Gluten Meal change in September 2025 in North America?
- Ample corn feedstock supplies and record-high U.S. corn production lowered input costs.
- Stable Henry Hub natural gas spot prices in Q3 2025 maintained consistent energy processing expenses.
APAC
- In China, the Maize Gluten Meal Price Index fell quarter-over-quarter in Q3 2025, influenced by a 2.3% fall in PPI in September 2025.
- Maize Gluten Meal production costs decreased in Q3 2025 as corn feedstock costs softened due to rising domestic production and ample stocks.
- Demand for animal feed strengthened in Q3 2025, driven by ongoing swine restocking and an expanding livestock industry.
- The Maize Gluten Meal demand outlook is mixed; retail sales grew 3.0% in September 2025, yet consumer confidence was 89.6.
- Industrial production grew 6.5% in September 2025, supporting economic activity, but the Manufacturing Index was contracting.
- Domestic corn inventories remained ample throughout Q3 2025, while corn import volumes plummeted due to government policies.
- Electricity prices for industrial use remained stable in Q3 2025, contributing to consistent energy feedstock costs.
- The Maize Gluten Meal price trend reflects deflationary pressures, with CPI falling 0.3% in September 2025, impacting consumer purchasing power.
Why did the price of Maize Gluten Meal change in September 2025 in APAC?
- Lower production costs: Corn feedstock costs softened in Q3 2025 due to ample domestic supplies.
- Deflationary pressures: PPI fell 2.3% in September 2025, reflecting a challenging pricing environment for producers.
- Mixed demand signals: Animal feed demand strengthened, but consumer confidence was 89.6 in September 2025.
Europe
- In Germany, Maize Gluten Meal Price Index fell in Q3 2025, influenced by production cost reductions.
- Production costs decreased, driven by a 1.7% PPI decline in September 2025 and weakening corn futures.
- German natural gas and agricultural electricity prices trended downward in Q3 2025, easing operational expenses.
- Overall EU animal feed demand remained stable in Q3 2025, with poultry feed consumption strengthening.
- EU corn ending stocks were projected to tighten for 2025/26, indicating potential future supply constraints.
- Contracting Manufacturing Index and 1.0% industrial production decline in September 2025 signaled economic weakness.
- Retail sales increased by 0.2% in September 2025, suggesting stable consumer spending on animal products.
- The 2.4% CPI increase in September 2025 raised operational costs for feed manufacturers.
Why did the price of Maize Gluten Meal change in September 2025 in Europe?
- Production costs decreased from a 1.7% PPI decline and weakening European corn futures in Q3 2025.
- German natural gas and agricultural electricity prices trended downward in Q3 2025, reducing processing costs.
- A contracting Manufacturing Index in Q3 2025 signaled broader economic slowdown, impacting overall demand.
