Ruminant and porcine MBM prices traded higher today. Holiday tightness and a well-valued market versus soybean meal has contributed to the upswing in price. Over the last five years, ruminant MBM has traded higher in September just once. Prices have averaged $17.13 lower in September relative to August over the last ten years. Cattle slaughter is forecast to tighten over the next six weeks and the late, Labor Day holiday may help keep prices buoyed for the first half of the month. Fundamentally, prices should continue to increase in the short term…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...