The protein market was very quiet to close out the week with no changes reported. Steady trading was reported on the lower end of the porcine MBM market out of Eastern IA/IL and for porcine blood as well. Hog slaughter is estimated at 2.565 million head this week, up 125,000 head from a year ago. The strong production for both cattle (626,000 this week) and hogs looks to keep pressure on the nearby MBM markets.
Please contact Ryan Standard at 773.322.5174 or…
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...