The top side of the ruminant MBM market moved higher today, trading as high as $330 FOB Mo. River and Texas Panhandle. The lower end of the market was steady at $250. Mixed species material has been reported in a range of $250 – 280 with some above and below, but most fixed in that range. Pure beef 50 pro packer material is trading in a range of $300 – 330 FOB.
Through the first half of the month, the ruminant MBM market into AL/GA has averaged 90 percent of the price of nearby soybean meal. The prior three-year average for December is 86 percent and with the January contract up…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...