Blood meal prices traded sharply higher today as low prices have given way to strong demand. Buyers have bumped demand for October arrival and are paying sharply higher prices for material across all species. It’s reasonable to expect a wide trading range in the near term as values consolidate into a new trading range.
Ruminant MBM out of the Missouri River market is poised to set a record low relative price to soybean meal for the month of September. The current monthly average of $178.81 has a relative price to nearby soybean meal of 58.7 percent, 18.4 points under the prior three-year average. The forecast for slowing ruminant MBM output and the favorable price to soybean meal should make it an attractive option for domestic…
01.16.2025
USA BioEnergy acquires land for Bon Wier SAF facility
USA BioEnergy has completed the purchase of land for its greenfield sustainable aviation fuel (SAF) production facility in East Texas, the company announced on Tuesday January 14.
The...
01.16.2025
Prices for US animal fats and oils hold steady despite declines in vegoils, energy complex
Activity in the US animal fats and oils markets slowed on Thursday January 16, with the industry continuing to process the implications of the updated Greenhouse Gases, Regulated Emissions,...
01.16.2025
Mid-January ruminant MBM, soybean meal relativity above 5-year average
Market sources reported limited trade volume to Fastmarkets on Thursday January 16, keeping most US animal protein trade prices rangebound for the day.
At close, the benchmark March...