A SURGE in cottonseed prices has caught many in the livestock industry off guard as an almost record harvest was expected to create an abundant supply.
Back in July, the price of cottonseed increased by about $100/T over the course of the month – and according to Hamish Steele-Park from Woodside Commodities is currently stable at about $550/T in the Riverina, between $540-$550/T ex gin in Northern New South Wales and delivered to the Darling Downs at $585/T.
Beef Central has spoken to several lotfeeders, some who took long-term positions on cottonseed or service cottonseed requirements…
