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.
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
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12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
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