Vegetable oil consumption by biofuel plants up in May: EIA
The US biofuel industry consumed 1.81 billion lb of vegetable oil as a feedstock during May, up by 2.5%...
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 ...
Read More