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…
11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...