Ruminant MBM traded lower out of the Illinois markets today. Mixed species material continues to be plentiful with prices trading at the lower end of the range, pure beef packer material was quoted as high as $200 but there was good volume reported at lower levels. Export demand continues to be strong at these values for both porcine and rumimant material, but heavy production has weighed on prices. At an average of $160 FOB Missouri River, ruminant MBM has a relative price to nearby soybean meal of 55…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...