Blood meal prices were up sharply this week, $50 on ruminant and as much as $75 on porcine from a week ago. Missouri River porcine blood meal prices are up $212.50 relative to four weeks ago. Favorable pricing and a run up on soybean meal contributed to the higher prices. September finished with a monthly average price to nearby soybean meal of 180 percent, 38 points under the prior three year average. Prices are currently at 215 percent of the price of nearby soybean meal, 25 points over the prior three year average for October. The high relative price suggests lower prices in the near term, but demand remains strong and it may not be until more of November comes into the 30 day window that down pressure starts to push on the market.
Figure 1.
01.08.2025
Tallow trades persist amid tight markets; DCO, ethanol production down slightly
Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT)...
01.08.2025
US ruminant meat and bonemeal prices fall further in most regions
Meat and bonemeal spot prices in the US dropped further on Wednesday January 8. A sizable number of distressed loads of both porcine and ruminant meat and bonemeal were...
01.08.2025
US weekly ethanol production drops; stocks reach 7-month high
US weekly average ethanol production fell to 1.102 million barrels per day in the week to Friday January 3, according to the US Energy Information Administration (EIA) report released...