Feed additive prices weakened across most categories in the week of 28 October to 4 November. Oil costs fell sharply, sulfur and ammonia declined, and Inner Mongolia's 200,000-tonne methionine plant entered trial production.
Live hog futures hit a record low, and vitamin E prices slipped further.
Lower feed additive prices reduce formulation costs for feed buyers, but the methionine supply expansion and weak hog margins point to continued downward pressure on additive and feed demand.
Not 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.