Ruminant meat and bone meal prices moved lower into the Eastern market today. Increased production has placed pressure on the entire protein complex as a whole with feathermeal, meat and bone meal and bloodmeal prices all moving lower this week. Hog slaughter has averaged over 400,000 head per day today and yesterday, a sign that the market is getting closer to historical norms in terms of production. The, in places, unexpected and rapid upswing in production is weighing on the market. With soybean meal at $280 – 285 for the nearby contract, markets…
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...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...