Animal protein prices are firm again this week, with soybean meal prices lending strength to the entire protein complex. Prices spreads in the meat meal markets have gotten out of sync with the prior three-year average during the market run-up over the last couple of weeks. Porcine MBM is currently trading at a $80 premium to ruminant MBM FOB Missouri River, $62.50 over the prior year average. Poultry by-product meal, 57 pro, FOB Mid South is trading at a $30 premium to the ruminant MBM market FOB Missouri River, $19 under the prior three-year average.
In the near term, this suggests both ruminant MBM and pet grade poultry by meal are undervalued. Feed buyers have already suggested upping their poultry meal inclusions, which suggests…
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...