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Global animal feed output in 2017 reached 1.07 billion tonnes, up 2.57% from 2016, according to the Alltech Global Feed Survey. The industry is valued at $430 billion.
China and the United States together produce about one-third of the world's feed.
Growing global feed output signals steady demand for feed grains and proteins. The growth is driven by meat, milk and egg consumption, which underpins ingredient demand.
world-grain.comArvin DonleyJan 25, 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.
