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Australian livestock producers face shortages of supplementary feed as drought continues. A Queensland supplier is turning away buyers, and a cattle producer failed to buy molasses directly from Mackay Sugar, which is prioritizing export contracts.
Scarce molasses and cottonseed supplies in Australia drive up supplement costs and increase import demand for feed ingredients.
feedstrategy.comDeven KingSep 25, 2018Not enough comparable past events yet for a historical read.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.
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.
