Animal protein feed prices are lower than they have been in several years and are expected to continue to drop.
"If everything is continuing the way it's starting to, we'll probably see lows that we haven't seen in 4, 5, and 6 years or more. That's great," said Palmer's General Manager, Bridget Scott.
Scott said, after 20 years in the business, this is the first time she has seen such a significant drop going into the winter months.
"I've been doing this for 20 years. I can't really say I've ever seen such a decrease going into the winter months," Scott stated.
This week, the 20% range cube prices have gone down almost $.70 per bag... $28 per ton.
"A lot of the prices have anywhere from a $40 per ton, um, savings...well, $20 to $40. So, that's $.50 to a $1.000 a bag change which is pretty significant," Scott said.
Cheaper protein is in part a result of lower cotton seed prices.
"That doesn't mean that all ingredients have taken such a dramatic decrease; but, a lot of them have," Scott continued. "Like I said, the prices in October are almost $100 less than they were last October."
(Information from ConchoValleyHomepage.com)
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