Both porcine and ruminant MBM markets were steady this week with few changes reported. Sellers had asked for higher prices earlier in the week, but were content with steady money in the face of the growing uncertainty in the macroenvironment. As has been stated this week, pets and livestock are going to continue to eat and buyers may be starting to build inventories to ensure availability through any logistical slow or shutdowns. Anyone taking a walk through…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...