Feathermeal prices traded higher this week with demand increasing for spot material. Demand from the feed blenders, exporters and range block producers has picked up. Feed blenders are taking advantage of the strong protein value in the feathermeal market. In July, the per unit of protein cost of feathermeal hit a multi-year low at $3.11, 52 percent of the cost of a unit of protein in soybean meal. Prices moved higher in August, closing the month at an average of $3.30 per unit of protein. Ruminant MBM out of the Missouri River market in August was cheaper by four cents, but freight rates…
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...