2023/’24 GCAU’s Push Lower From Prior Forecasts

2023/’24 GCAU’s Push Lower From Prior Forecasts

Diminished trade along with market unease led to a generally flat market tone for the week. Most adjustments were minimal, though bloodmeal continues to have negative pressure. On Friday, lower values were reported on porcine and ruminant bloodmeal, though values as low as $800/st on porcine and $825/st on ruminant could not be confirmed at press time. Wider ranges lingered on porcine and ruminant bloodmeal due to lightened interest and accounts of market hesitation. A new range of $850-955/st was reported on both ruminant bloodmeal variants and a widened range of $825-900/st was reported on Mo. River porcine bloodmeal.

According to the most recent September USDA Wheat and Feed Outlooks, GCAUs (Grain Consuming Animal Units) are forecast to decrease by 0.7 percent from the current marketing year into 2023/24. The current market year saw very minimal adjustments from the prior month on other feed-related items from the August Feed Outlook.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

10.17.2024

US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables

US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables

The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.

10.17.2024

US fats and oils markets quiet amid industry event; DCO production up

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...

10.17.2024

US animal proteins market steady on October 17

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)...

Latest Tweets