Ruminant MBM prices were higher today on good demand through into the first week of December. Soybean meal prices were off slightly today, but values are still supportive of steady to higher prices in both the ruminant and porcine MBM markets. Blood meal prices were higher this week on tighter production through the holiday and overall strength in the entire protein complex. There is risk building for lower prices with Class III milk futures plummeting 20 percent over the last seven trading sessions on the December contract. Surging COVID-19 cases in a number of states have refreshed mitigation efforts and a number of public schools are suspending in-person classroom activities. School…
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...