Trading was mostly sideways today in the protein market. Illinois renderer MBM did move down by $5. While trading was sideways, negative momentum continues to build in the market, especially the blood meal market. Reports of distressed loads at unspecified pricing have been common this week and sellers have been aggressive in making sure that they aren’t holding loads late in the week. There haven’t been any indications that the market is at a bottom, but the…
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...