Loading…
Cargill announced closure of its Narrabri cottonseed crushing plant in northern New South Wales, due in November. The plant had reportedly been unprofitable, citing competition for whole cottonseed from the feed market and high energy costs.
Feed customers had already been disrupted when expected cottonseed meal and hull supplies failed to materialise in August.
Losing a local cottonseed meal source tightens Australian supply and pushes feeders toward whole cottonseed or other protein meals, supporting prices for those substitutes.
beefcentral.comGuest AuthorOct 26, 2018
graincentral.comHenry WellsOct 26, 2018Not 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.
