The protein market has been remarkably quiet this week after last week’s pre-holiday bump. Most buyers and sellers did two weeks of business last week and are spending this week dealing with a holiday shortened delivery window. Soybean meal prices are up 7 percent over the last two weeks for the CME October contract and South American prices are up 8 percent over the last four weeks. The higher prices in the bean meal market add risk for higher prices in the MBM markets in the near term, both in the domestic and international market.
Domestic supply remains heavy, but the increased price in both the US and SAM soybean meal markets combined with tight supplies out of the Australian and New Zealand markets…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...