Trading was again quiet in the protein market today with no changes reported. The pre-break strength is still present in the feathermeal market with prices well valued versus soybean meal. The Mid South feathermeal market finished August at a relative price of 89 percent to nearby soybean meal, the lowest August relative price on record. Historically, the feathermeal market has traded lower in September relative to August in eight out of the last ten years. The average price move is – $18.33. The fundamentals suggest a…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...