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Millions of Hungry Swine Are Keeping German Wheat Business Alive

  • ‘It’s helping us survive’ in market without exports: trader
  • Feed wheat prices trading higher than grain for milling
Pigs stand in pens at a Interessengemeinschaft der Schweinehalter Deutschlands (ISN) consortium pig farm in Lohne, Germany, on Tuesday, May 27, 2014. European Union pig farms are missing out on a boom in U.S. prices after Russia banned imports from the 28-country bloc, spurring Brussels to file a World Trade Organization case today after talks to reopen trade failed.
Photographer: Krisztian Bocsi/Bloomberg

German wheat traders are discovering that their best customers are swine.

Demand for wheat to use in livestock fodder -- normally of lesser quality than grain milled into flour -- is so strong it’s now selling at a premium to wheat used for baking. The sales, mostly to feed the nation’s roughly 30 million pigs, have helped inject some life into an otherwise moribund market.