Ruminant MBM prices moved higher today with increases reported in all but two markets. Porcine trading was done at higher levels as well. Soybean meal was down just shy of $2 today at the CME, but the $360 nearby price should do little put a cap on prices. Buyers may start to push back basis the anticipation of cheaper cash material coming into the market in November and December, but the nearby market appears to be steady.
Meat meal exports hit a 2020 high in August with 89,881 MT exported. Mexico was the largest importer taking in 19,586 MT; Vietnam imported 18,286 MT and China was the third largest buyer at 16,421 MT. Indonesia imported 16,421 MT in August.
01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...