Trading was mostly quiet to close out the week. The exception was ruminant meat and bone meal out of the Dallas/Houston market at $175 – 195 FOB. Through Thursday hog slaughter was up 35% compared to the week prior. While last week was a holiday week, the big jump is evidence of things returning to a more normal schedule for the pork processors. Porcine meat and bone meal FOB Missouri River closed out the month of March at a relative price of 120 percent to nearby soybean meal. Through the first week of June the relative price to soybean meal is 88 percent or just two points over the prior three-year average. There is risk for additional weakness in the market due to increased production but values at these levels should start to attract more interest from the buy side.
Figure…
01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...