04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Late last week trading was done at $1050 on ruminant and porcine blood meal out of the Mo. River market. A load of porcine traded today at $1100 FOB Midwest. Sources have reported that the stronger hog kills had put more material in the market. Ruminant MBM traded late on Thursday at $285 FOB Mo. River.
Weekly Review
Trading was done lower on ruminant and porcine MBM last week, with the weekly averages down $4 and $9, respectively. Strong hog kills have kept the market stocked with product. A big buyer in Mexico taking less material than expected has also been blamed for the increased spot availability.
Feathermeal prices were up $3 compared to the prior week’s average. Strong export demand continues to pull material out of the country which means that the non-export approved material has less competition. A number of sources have commented that organic fertilizer demand is very strong and a good number of cars are headed west to satisfy that demand.
Please contact Ryan Standard at 563.223.9021 or [email protected] with any questions, comments or trading.
| Today | Last Week | Last Year | WTD | |
| Broiler Slaughter | 31,177,000 | 31,702,000 | 32,272,000 | 31,177,000 |