The protein market was quiet today with no price changes reported. Sellers continue to stress that value of animal proteins relative to soybean meal, but as has been stated ad nauseum, the paradigm has shifted to a market that is only seeing 65 – 70% of the total broiler production seeking animal proteins for feed rations. As seen in Figure 1 below, the average ratio of ruminant meat and bone meal, porcine meat and bone meal and feather meal to nearby soybean meal…
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...