12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
Porcine and ruminant meat and bone meal (MBM) moved lower again today. Increased supply continues to weigh on the market. There are reports of higher quality, plant specific material trading above the printed range and some mixed species trading below, but the bulk of activity is captured in the printed values.
Feather meal prices moved lower this week on steady supplies and weakening demand. The fundamentals suggest prices should move higher basis a favorable price to soybean meal, but values…