Ruminant Blood Meal Prices Slide in June on Strong Production

Ruminant Blood Meal Prices Slide in June on Strong Production

Ruminant blood meal prices moved lower today as did ruminant MBM out of the Panhandle market. Strong production continues to weigh on the ruminant market and those who aren’t covered into the export market and are looking for domestic buyers are facing strong headwinds. Cattle slaughter finished last week at a robust 680,000 head, up 55 percent compared to the week ending May 2nd. The increased production, and anticipated continued strong production across all livestock sectors, is expected to add additional down pressure to the protein market.

Figure 1.

Cattle slaughter (left y-axis) is shown against the ruminant MBM price (plotted on the right y-axis).

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03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

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Diverging FOB and delivered markets to close out March

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Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

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** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

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