European animal fats trade ‘dead’; vegoils remain firm
The European biofuel feedstocks market was mostly quiet, with limited activity reported in the week to Thursday 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) 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% ...