The market was quiet to close out the week with no changes reported. Again, the negative tone hangs heavy over a number of products with heavy supply meeting a demand side that can’t or won’t absorb much more material. Stories of under the table trading have been ubiquitous this week a sign that lower prices will continue for the short term. The exceptions to the continued bear market may be the bloodmeal market, which should start to see the low prices cure low…
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...