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…
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...