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.
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...