DDGS, Corn gluten, and CBOT Grains Decrease
Market Update
DDGS and corn gluten items were called lower for the day. Values as low as $200/st were indicated...
For Tuesday, animal proteins were unsettled, with most of the global grains and overall trade markets uneasy. Several contacts were also out for the week, limiting volume. Extremely limited to non-existent spot trades were reported on poultry-by pet grade and chicken meal markets while feathermeal was under pressure with the continued price drops on soybean meal. Feathermeal values dropped to a low of $550/st for the Mid-South, Delmarva, Alabama/Georgia, and Carolinas for the day.
Feeder cattle cash and CME continue to move in the opposite...
Read More