Four key factors have weighed on the EU feed demand in 2009:
The dramatic crisis affecting the dairy sector, which triggered a severe contraction of the demand for efficient cattle feed, i.e. compound feed; mainly in the 3rd and 4th quarter;
The continuation of the downward slope of the pig production cycle, amplified by the financial difficulties of pig farmers;
The low market quotations for cereals, with the consequence that farmers had few incentives to put their cereals on the market rather than using them on the farm;
The financial crisis, which led to lower consumer demand for products of animal origin, i.e. to a switch to less expensive animal proteins sources.