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A Wisconsin feed mill reports that dairy farmers are increasingly buying cottonseed as an alternative feed ingredient to stretch tight forage supplies during a dry growing season. Cottonseed has become more affordable because vegetable oil demand for biodiesel has fallen, so seed is fed rather than crushed for oil.
Stronger feed demand for cottonseed and weaker crush-driven oil demand support cottonseed meal and feed values while dry forage conditions lift alternative feed usage.
midwestfarmreport.comPam JahnkeJul 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
