Ruminant blood meal prices moved higher this week, but have stalled relative to the porcine blood meal market. Demand continues as production remains very tight, but the threat of reformulations have tempered the upside. The relative price to nearby soybean meal for the month of April is 327 percent, 66 points over the prior three year average. Since 2017, relative prices near the 340 percent market have initiated reformulations which have dramatically sent the market lower. In 2017, prices averaged 339 percent of the price of nearby soybean meal in February and March before falling to 285…
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...