Trading was lower on ruminant MBM today as cheaper mixed species material and increased production combine to driver the entire market lower. It is reasonable to expect the topside of the porcine MBM market to fall this week as trading for producer porcine material is trading in the mid-$200’s. Ruminant MBM traded at an average of 97 percent of the price of nearby soybean meal in May, up 29 points compared to the prior three year average. With more production coming online there is risk for prices to regress towards the prior three year…
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...