Loading…
A dairy ration formulator describes volatile feed ingredient prices, with canola meal contracted at $270 per ton while spot prices have swung widely. Suppliers are offering less flexibility on contracts, forcing dairies to balance spot purchases against booked contracts.
Wide spreads between contract and spot feed prices make ingredient choices harder for dairy buyers and add cost uncertainty for protein meals such as canola meal.
hoards.comSteve Martin, DNMCmilkJun 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
