Meat and bone meal (MBM) prices are steady to close out the month. Ruminant MBM prices were up just shy of $50 out of the Missouri River market in October relative to September. Over the last ten years, the price in October has averaged a $34 drop from September. Prices have historically moved lower in November as well, trading down in five of the last five years. The strong soybean meal market and holiday schedule combined with buyers choosing certainty of supply over aggressive price positions make it reasonable to expect steady to higher prices in the near term.
Figure 1.
…
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...