Ruminant MBM prices traded higher out of a number of markets today, pushing above the $300 level out of Illinois. Mixed species material remains anchored at the bottom but the wide spread adds risk for prices to move higher in the near term. Soybean meal recovered some of yesterday’s losses, settling up just over $2 on the December contract. At $376.90 for soybean meal, both ruminant and porcine MBM remain well valued versus soybean meal.
Figure 1.
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...