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Australian cottonseed meal prices have jumped from about $350/tonne in early May to $650/t, driven by drought-fuelled demand from supplement manufacturers. New supply is only available for delivery later in the year.
Drought is pulling demand toward limited protein by-products, and Australian crushing capacity will not expand to match, so feed buyers face sustained high prices for cottonseed meal.
beefcentral.comJames NasonJul 11, 2018Not 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.
