Strong Exports & Low Relative Prices Buoy Porcine MBM Market

Strong Exports & Low Relative Prices Buoy Porcine MBM Market

The protein market was quiet to close out the week. Over the last month ruminant MBM prices fell 14 percent, porcine prices have held steady. There is risk for additional downward movement in the market with supply forecast to increase through August for pork and beef. However, prices should be at a level to start to attract additional interest for the August formulations. Through the first half of the month, Missouri River porcine MBM has a relative price to soybean meal of 72 percent. The low relative price has helped to increase export demand over the last few weeks, which has contributed to the steady pricing. The strong export demand is expected to continue in the near term and while the additional supply may limit the upside in the near term, the favorable pricing to soybean meal and other alternatives are…

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11.12.2024

Glycerin prices seen supported by declining biodiesel margins

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....

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Animal fats and oils prices stable amid losses in vegoil markets

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Meat and bonemeal, bloodmeal higher on active demand

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...

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