Porcine MBM prices held steady this week while ruminant prices fell $30 out of the Missouri River market and $20 out of the Texas Panhandle. Mixed species material continues to weigh on the bottom side of the ruminant market, but pure beef packer material has traded lower as well, topping out at $210. Porcine seems to have settled into a floor with strong export demand tightening up nearby supply. For the period including 2017 – 2019, porcine MBM FOB Mo. River has traded at a $52 premium to ruminant for June and a $41 premium for July. Supply has likely been a big dictator of this spread, heavy beef slaughter and slower pork. This year the trend of tighter supplies in June has been bucked with producers catching up and the spread has fallen to $30. History suggests that there is some additional downside to the ruminant MBM market basis the spread to pork MBM, but strong…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
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