Trading was flat in the MBM markets today with no changes reported. Offers were out higher by as much as $15 on the topside, but thus far trading has been sideways. The current spread between porcine and ruminant MBM is $40, $6.50 over the prior three year average for August and $9 over the prior three year average for September. The wide spread and higher soybean meal prices are suggestive of higher ruminant MBM prices in the near term. A forecast of lower cattle…
11.12.2024
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....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
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...