Porcine MBM prices are up $25 over the last four weeks out of the Missouri River market. Production interruptions during the Labor Day break and stronger soybean meal prices have helped the market rally through September. Despite the cash prices for MBM, the relative price to soybean meal for porcine MBM is relatively static. Through today, the monthly average relative price to soybean meal for September is 68.8 percent, 12 percentage points under the prior September record low of 81 percent. Capacity in rations for the domestic market is an issue with buyers commenting that, “MBM is stuffed everywhere it can be at these values.” All veg diets and limited demand capacity are responsible for the record low relative prices in the porcine and ruminant MBM markets, but the higher soybean meal prices and reduced livestock slaughter in some export markets should add export demand to the US market. Both Vietnam and Mexico have historically been big importers of US porcine MBM. At 69…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...