Abstract: The invention provides a new feed product, especially a fish feed product in the form of pellets or particles, with high fat content and superior physical properties. The product is made by immersing feed pellets in a first hot oil bath with a temperature higher than 100.degree. C. to secure drying of and simultaneous fat absorbtion. This treatment is followed by a cooling in a warm oil bath kept at a temperature of 40.degree.-60.degree. C. This completes the fat absorbtion and results in a dry product consisting of hard and smooth particles with high fat content, which are free flowing and do not agglomerate.