Blood Meal Prices up 9 Percent

Blood Meal Prices up 9 Percent

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…

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04.23.2024

Rising BOHO spread spurs RIN values higher

Rising BOHO spread spurs RIN values higher

Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...

04.23.2024

DCO premium over CWG hits multi-month low

DCO premium over CWG hits multi-month low

Lard traded steady on a Chicago basis, with 16 cars traded at 41 cents per lb.

Yellow grease traded down at 37.5 cents per lb delivered US Gulf...

04.23.2024

Animal proteins mixed for Tuesday

Animal proteins mixed for Tuesday

Fastmarkets assessed

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 at $250-300 per short ton on Tuesday, up from $250-280 per ton on April 22. Contract pricing for meat and bonemeal has been...

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