Please Note – The Jacobsen will not publish an Animal Proteins bulletin on Friday, January 1st. We will resume our normal publication schedule on Monday, January 4th. We wish all of our readers a safe, healthy and prosperous New Year.
As all prepare to turn the calendar to a new month and a new year it’s good to look back on the markets from this year and ahead to what may lie in store. Feast and famine dominated the market trading in the first half of 2020 with tremendous uncertainty around COVID-19 interruptions and concerns over supply. Ruminant meat and bone meal prices hit multi year highs in terms of relative price to soybean meal and in the case of the panhandle market, getting as high as 98 percent in May before plummeting to 52 percent in July.
Figure 1.
Stockpilin…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...