NWF Feeds has grown to be a leading national supplier of ruminant animal feeds to over 4,300 farmers in the UK.
559,000
Tonnes
245
People
39
Trucks
3
Mills
Our Feeds locations
Review of the year
Total feed volume was in line with prior year increasing by 2.4% to 559,000 tonnes (2025: 546,000 tonnes). This reflected the positive milk price in the first half of the year along with strong market prices for both beef and lamb. As a result, ruminant farmers were incentivised to maximise yield for most of the financial year and our nutritional advisors were able to support them in achieving this goal. The milk price softened over the winter as milk supply outstripped demand, and as a result the business then helped farmers as they switched focus to input cost management going into the summer season.
The overall ruminant market volume increased by 5.9%, according to DEFRA data.
Across the year, average commodity prices1 were 3.1% lower than the prior year but experienced a price range of 18.3% (2025: 12.2%) as the prices rose in the final quarter with the commencement of the conflict in the Middle East.
Revenue was lower at £193.0 million (2025: £204.6 million) reflecting the increase in volume being offset by the lower average commodity prices. Headline operating profit was £3.6 million (2025: £3.6 million) because of the solid volume, strong margin management and operational costs control.
The extension of the product range through the prior year investment in moist feed production has gone well with customer demand exceeding plan. This £0.8 million investment involved the installation of new equipment into an existing Group facility, which enabled a cost effective way to develop an additional revenue stream through the sale of moist feed to existing customers who had previously been buying the product from third party suppliers.
The average milk price for the year of 39.4p per litre compared to an average in the prior year of 44.2p per litre. The peak milk price in the year was 43.0p per litre compared to 47.2p per litre in the prior year. At the end of the financial year the milk price was 35.5p per litre. UK milk production was 4.8% higher at 13.0 billion litres (2025: 12.4 billion litres).
Feeds is the second largest ruminant feed provider in the UK and has a very broad customer base, working with over 4,300 farmers across the UK. This base, and the underlying robust demand for milk and dairy products, results in a reasonably stable overall demand for ruminant feed deliveries in most market conditions.
1. A basket of commodities consists of the weighted average raw material spot price for 12 standard ingredients of a basic ruminant diet.
