The animal protein market was mostly steady today. Despite weakness in the milk markets and concerns about demand from the dairy sector in 2021, nearby blood meal prices moved higher this week. Ruminant blood meal prices FOB Missouri River finished the month of November with a relative price to nearby soybean meal of 208 percent, 20 points over the prior three year average and 5 points under the prior three year average. Soybean meal reversed a three day trend and current values are supportive of steady prices in the near term. The most dominant variable in the spot market right now…
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...