# Companies turning 'guts into gold'

> Farmers Union Industries, a company owned by five state Farmers Union organizations, reported a $4 million increase in 2019 net income from converting animal by-products into feed and feeding fats. Profits are returned to the member organizations to fund education and policy work.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55202-companies-turning-guts-into-gold
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

This is a company performance story with no clear supply or demand shift, so it has little direct effect on feed commodity prices.

## Sources

- farmforum.net: https://www.farmforum.net/story/lifestyle/2020/01/08/companies-turning-guts-into-gold/43587509/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.