Trading was fairly quiet today for both ruminant and porcine MBM. Both buyers and sellers were reporting a steady range. Strong export volume may be putting a floor in the market with big porcine volumes booked in June. Historically, prices in July have been stronger in the ruminant MBM market. Over the last five years, prices in July have increased relative to June 80 percent of the time. Slower cattle slaughter has been a big contributor to the move higher and this year the production is expected to increase relative to June which makes it reasonable to…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...