Porcine MBM traded sharply higher today, topping out at $310 in the Midwestern markets and $320 in the Carolinas and Indiana. At an average price of $285 FOB, the relative price to nearby soybean meal is 80 percent. The prior three year average for October is 73 percent, which suggests that prices are at risk for hitting the ceiling in the near term. The added production from increased slaughter adds additional risk for the price rally to stall in the near term. Export demand has been strong, and the…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...