There was some more trading at $385 for ruminant out of the Mo. River market on what was otherwise a quiet day. A load of porcine MBM traded as low as $370 out of the River market. Bean meal futures are flat through August at $309 and Midwest basis levels continue to come off. Cash basis to MBM is now around the 120 – 125% level, which has certainly gotten the attention of the buyers. The Fri/Sat cattle slaughter was a paltry 94,000 head with the weekly estimate at…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...