Ruminant MBM continues to exhibit strength with trading done at $330 – 340 this afternoon. The panhandle market was up with the bottom side reported at $310. Porcine sellers were able to push prices higher to close out the week as well, $350 out of the Mo. River market and a ceiling of $350 FOB Eastern IA/IL.
Even with the jumps, MBM remains well priced against both cash and nearby SBM. At an average of $335, Mo. River MBM has a ratio of 92% relative to cash…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.