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The AL/GA poultry fat market rose 18% in November from October, with the monthly average of 25.18 cents per pound the highest November level since 2012. Tight supplies, strong soybean oil and corn values, and firm demand drove the increase.
Poultry fat is a energy ingredient in feed, so its rally raises formulation costs and supports fat prices across the animal fat complex.
thejacobsen.comRyan StandardDec 1, 2020Not 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.
