Trading was very quiet this afternoon with only a handful of trucks trading at $368 for ruminant MBM out of the Mo. River. Both buyers and sellers were quiet on directional outlooks, but the dynamics continue to look the same, i.e. more supply than demand.
The protein market continues to be supply driven with prices falling again last week. Heavy porcine supplies are weighing down the ruminant market, which should be fairly tight due to very low kill…
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...