Trading was done lower on ruminant MBM today with the top end of the Panhandle and Mo. River markets falling to a high of $210. Porcine trading was relatively steady and big volumes of product purchased for export is adding some stability to the market. Through the first half of June, porcine MBM has a relative price to nearby soybean meal of 77 percent, 8.5 points below the prior three year average. Heavy production in in 2019 pushed relative prices well below 2017 and 2018 levels. Strong export…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.