Ruminant MBM prices moved higher today out of a number of markets. Trading into the AL/GA market was lower, with the bottom side dropping $10. The higher prices are indicative of buyers paying up for coverage into January, but sellers moving spot loads for next week in smaller volume have expressed difficulty in pushing prices higher.
Porcine MBM out of the Carolinas market was steady today. Soybean meal prices have come off over the last week, but the market remains well priced versus soy. The Carolinas porcine MBM market finished November at a relative price to soybean meal of 81 percent, four points under the prior…
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...