Meat and bone meal prices were steady for both ruminant and porcine material today. There is risk for higher prices basis a stronger soybean meal market and the renewal of trade with Indonesia. Strong production is likely to act as a counterbalance to the upward momentum and limit the upside of the market in the near term. Through today, the August average relative price for ruminant MBM out of the Texas Panhandle market is 50.6 percent. With soybean meal increasing over the last week it’s reasonable to expect some…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...