US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs) were estimated at 100.06 million head for the 2024/25 marketing year, according to the October USDA Feed Outlook.
A grain consuming animal unit is defined by the USDA as the dry-weight quantity of feed consumed by the average milk cow during the base period.
Although the latest forecast is up by 0.42% from September’s estimate, it is down by 0.44%, or 442,678 head, from the corresponding period in 2023/24.
The forecast for the GCAU head count in 2024/25 was increased primarily due to a 1.1 million head rise in pork production as well as an increase in broilers, more than offsetting the reduction in turkeys.
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US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
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US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...