High-fat equine feed products with increased palatability may be produced by combining equine feed components into a mixture having an initial percentage of fat, extruding the mixture using an extruder, drying the mixture, vacuum-coating additional fat into the mixture to form the feed product having a resulting level of low fines. Feeding a high-fat feed product to an equine animal involves obtaining a high-fat feed with a smooth, fat-coated exterior with low fines, which includes at least about 25 wt % fat, combining the high-fat feed with a base feed, and feeding the high-fat feed combined with the base feed to an equine animal. In response to the high-fat feed having the smooth, fat-coated exterior and having low fines, the equine animal increases consumption of the high-fat feed.