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A Liquid Feed Symposium attendee described industry challenges, including growing competition for liquid feed ingredients such as molasses, whey, and glycerin from ethanol, biodiesel, and lactose uses. Analysts said supply for these ingredients is inelastic, so energy-sector demand pushes prices up.
Geopolitical events were also cited as driving inflation.
Rising demand from biofuel and energy users tightens supplies of liquid feed co-products, which can push up feed costs for ruminant producers. The effect is structural rather than a single price move.
afia.orgVictoria BroehmSep 21, 2022Not 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.
