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A Global Miller blog post promotes feather meal as a protein ingredient, citing renderer research from 1988 showing its protein value for cattle was twice that of soybean meal. It notes feather meal once traded at a discount to soybean meal on an equal protein basis but now trades at a higher relative price.
Feather meal's rising relative value could support demand for poultry by-products as protein substitutes in feed rations, modestly supporting MBM-type by-product prices while softening soybean meal's relative advantage.
gfmt.blogspot.comApr 10, 2017Not 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.
