Wheat bran demand in the United States is stable and prices will remain stable next week
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Last Update: 2002-06-03
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Source: Internet
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Author: User
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Lead: Chicago, May 31 (Reuters) - the spot price of U.S wheat bran was affected by stable demand for livestock feed additives and related supply constraints, with most parts of the United States stable at high prices on Friday Businessmen in the Great Plains, the Midwest and the eastern Great Lakes regions say they expect prices to remain at last week's levels, with flour mills averaging five to six days 'I don't think the price will go down, we will keep it,' said a Minnesota businessman Wheat bran prices climbed Friday in undersupplied areas as production fell on memorial day weekends In the closely watched Kansas railway market, the seller's offer rose $2 to $48 per ton On the west coast, traders say technical problems at several flour mills have reduced production in already tight weeks, leading to a sharp rise in prices in Northern California in recent days If the plant returns to normal, prices are expected to moderate next week Prices in Northern California stabilized at $76 a tonne on Friday, while those in Southern California fell by $2 to $4 to $74 to $76 a tonne In Buffalo, New York, wheat bran prices rose $2 to $40 a tonne at a weekend trading price of up to $30 Buffalo mills increased flour processing to supplement Canada's already produced by-products that could be sold this week due to a drop in strike production If the Robin Hood multi variety food processing plant at Cabernet port in Lake Ontario continues to shut down production, the local plant could continue to increase production next week, a buffalo businessman said.
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