Ruminant MBM prices were up today on tight, nearby supply. Demand continues with buyers looking for longer term commitments in the face of rising prices. Four US beef plants are currently idled with another three having reported COVID-19 cases. The current capacity of the idled plants is 9,500 head per day. With slaughter estimated at 99,000 head today, one can clearly see idled plants and reduced shifts are tightening supply. At current…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.