Ruminant MBM traded higher again today as stronger soybean meal continues to lend strength to the market. The bean meal has pulled much of the animal protein complex higher, particularly in commodities where export demand can evacuate domestic supply. Feathermeal prices moved higher this week but have maintained a fairly steady relative price to soybean meal. Through today, the monthly average relative price of Mid-South feathermeal to nearby soybean meal is 90 percent, up 8/10th of a percent from August….
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...