Abstract: The present application is directed to compositions that have a high content of fatty materials and a high fiber content and to methods of producing such compositions. The present compositions may be used to produce high fat content pelleted feeds with improved physical properties such as pellet quality, flowability, oil retention, and durability. The present methods and compositions can provide a “dry” source of fat which can be utilized by mills which lack liquid fat capabilities, and can also provide for the production of pelleted animal feeds with a higher than normal content of added fat.