Trading was quiet to close out the week. Bloodmeal reports remain mixed with volume reported throughout the printed range. Porcine MBM out of the IA/NE/MO market is currently trading at a $60 premium to Mo. River ruminant, $20 over the prior three year average for August. The wide spread suggests ruminant prices are likely to increase in the near term as buyers take advantage of the value. Some production interruptions tied to storm damage from earlier in the week may also contribute to slightly tighter supplies in the nearby market, which is supportive of higher values.
Figure 1.
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02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...