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Canola meal is gaining use as a high-protein ingredient in dairy cow rations in Canada, the USA, South Africa, Mexico, China and several Asian countries. Australian feed makers also export canola meal for dairy cattle in New Zealand, with smaller volumes from China, Korea, Indonesia and Vietnam.
Growing feed demand for canola meal in dairy and other livestock rations supports its protein value against soymeal, which can firm canola meal prices over time.
foodagribusiness.worldTreena HeinJul 24, 2020Not 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.
