A SURGE in spot cottonseed prices has seen feedlots step away from the white fuzzy stuff in favour of cheaper alternative for the summer months.
Cottonseed for prompt delivery to feedlots in southern Queensland is now quoted at $720 per tonne, up from around $600/t in August, with unprecedented demand from China for cottonseed, coupled with grazier demand in New South Wales and Qld, lifting the price.
As crushing of new-crop canola ramps up in NSW and Victoria, feedlots in particular are replacing part of their nutritional requirement with canola meal, but are expected to reintroduce…
