With the exception of DRT from late yesterday, the animal protein market was sideways today. Prices remain well supported with soybean meal up again today and at one point, above the $390 mark. Ruminant blood meal prices out of the Missouri River market were up 9 percent this week and the monthly average for October is up to a relative price to soybean meal of 197 percent. Seasonally, the relative price has historically dropped in the fourth quarter and the month to date average of 197 percent is 14 points over the prior three year average for October and 10 points over the prior three year average for November. The higher…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...