Ruminant MBM traded lower today with a lot of action seen in the $150 – 160 range for pure beef material out of the Missouri River and Panhandle markets. Porcine prices are steady, but the increasing hog slaughter adds risk to the market for lower prices in the near term.
Feathermeal moved higher out of the Mid-South market and tightness coming off of the holiday coupled with projections of slowing, Saturday production has helped to push prices higher. Through the first half of the month, Mid-South feathermeal has an average of $248.50, which would be the lowest monthly average for July since 2006, when the average…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...