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…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...