The ruminant MBM market was mostly quiet today, but IL renderer product traded down to a range of $180 – 190. March meal prices were up today and settled just shy of $306. If protein were the sole determinant of price and SBM was the unit by which all would be measured, ruminant MBM should have a value of $318.75. With strong kills and fewer diets using MBM over the last several years, that relative price norm has shrunk well below protein parity. Prices should…
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...