Organic feed commodity prices remain steady. Fastmarkets projects that current buying practices – which feature thin inventories – will continue until there is some kind of catalyst. Merchandisers disclosed to Fastmarkets that the increased carry costs caused, in part, by high interest rates, can reach 20 cents per bushel monthly.
End users are happy to have others store their feed given the costs of storage. The US Federal Reserve met this week, leaving rates unchanged to realize their 2% inflation target, but indicated optimism about a September rate cut.
Another catalyst would be any perception of supply constraints in the market. End users would like to avoid the supply chain challenges of…
09.18.2024
Waste plastic can improve SAF without increasing pollution, study says
Waste plastic can be used to improve sustainable aviation fuel (SAF), according to research announced on Monday September 16 by the Prairie Research Institute at the University of Illinois...
09.18.2024
US animal fats, oils prices mixed as DCO production hits 2-month low
US animal fats and oils markets saw mixed price movements on Wednesday September 18, with Gulf Coast markets firming as distillers’ corn oil (DCO) production levels dropped to a...
09.18.2024
US animal proteins prices steady; potential port strike could affect stocks, prices, sources say
US animal proteins markets were steady on Wednesday September 18.
Bloodmeal prices were reported to be flat day on day, though market sources continue to indicate underlying pressure, saying that...