Meat and bone meal prices were steady this afternoon with supply and demand appearing to be well balanced at the moment. Supply is expected to continue to trend higher in the near term with a bigger harvest forecast for cattle, hogs and broilers. The additional supply and weakness in the soybean meal market add risk for lower prices in the near term. At present, the porcine MBM market has a premium of $55 to the ruminant market FOB Missouri River. The prior three-year average for July is $41.29 and $33.49 for August. With porcine material increasing in supply, the ruminant market may pull prices lower in the near term. The one piece of data that is supportive…
11.14.2024
Cellulosic RINs fall 15% on EPA volume adjustment rule sent to OMB
Renewable identification number (RIN) credit prices fell sharply on Wednesday November 13 due to speculation that the Environmental Protection Agency (EPA) sent a volume adjustment notice to the US...
11.14.2024
DCO prices move lower as production levels hit record highs
Distiller’s corn oil (DCO) traded lower on Thursday November 14, in Manly, Iowa, and out of the FOB Wisconsin/Illinois regions amid declining prices in soybean oil futures.
Offers for DCO...
11.14.2024
Prices for US animal proteins steady; September dog and cat food exports down
Most prices for US animal proteins were steady on Thursday November 14, with light volume reported to Fastmarkets from market sources. Feathermeal price ranges narrowed higher in several regions...