Porcine MBM prices traded lower today, down $20 from the previous high. Sellers are running into strong headwinds from the soybean meal market as well as the cheaper ruminant material.
Bloodmeal prices eased off this afternoon and the risk for lower prices for all species remains present in the market. It’s reasonable to expect ruminant prices to come off more sharply than porcine based on historical spreads. Looking at the prior three year average, July and…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...