The price trend of corn gluten feed hinges on corn crop prices. In India and the US during Q1 and Q2 2023, adverse weather conditions led to significant drops in crop yields, reducing domestic and international demand for corn and subsequently affecting corn gluten feed prices. Export rates fell due to subdued demand and adverse weather. Frequent droughts in major crop-producing states in the US resulted in production declines, eroding consumer confidence and causing a global bearish trend in corn gluten feed prices.
Definition
Corn gluten feed is a byproduct of corn processing, composed of remnants such as bran, germ, and starch. It's a valuable livestock feed due to its protein content and energy value. With lower protein levels compared to corn meal, it's often used as a supplementary feed. Corn gluten feed offers fiber, minerals, and vitamins, enhancing animal diets. Its digestibility and nutrient profile contribute to livestock growth and health. The feed's composition can vary based on processing methods. As an economical feed option, it's widely used in the agriculture industry to provide nutritional value to cattle, poultry, and swine.
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Key Details About the Corn Gluten Feed Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Corn Gluten Feed in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The corn gluten feed price forecasts, including India Corn Gluten Feed price, USA Corn Gluten Feed price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Corn Gluten Feed Price Trends:
Corn gluten feed serves various industrial purposes in agriculture. Primarily used as livestock feed, it provides essential nutrients, energy, and fiber to animals such as cattle, poultry, and swine. Its protein content makes it valuable for supporting growth and overall animal health. Additionally, corn gluten feed is utilized as a feed ingredient in aquaculture, enhancing the diets of fish and other aquatic species. Its use aids in maintaining optimal animal nutrition, improving feed efficiency, and reducing production costs. Moreover, it finds application as an organic fertilizer and soil conditioner, adding nutrients to agricultural soils and promoting plant growth.
Key Players:
- ADM (Archer Daniels Midland)
- Prorich Agro Foods
- Tate & Lyle
- Badger State Ethanol LLC
- Fornazor International Inc
News and recent development:
According to scientists and farmers, the U.S. maize harvest could be the second largest on record as showers in July helped the crop reach a crucial development stage while compensating for dry circumstances earlier in the season and high summer temperatures. Strong harvests would increase domestic stocks, which are anticipated to grow as demand for U.S. corn exports wanes as a result of a bumper crop in Brazil, which is anticipated to surpass the United States as the top corn provider in the world.
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