Tight supplies and strong demand have combined to drive the higher protein poultry meals up over the last month. Pet grade poultry by product meal (PFG PBM) is trading up $100 compared to four weeks ago, chicken meal prices are up $50. Limited raw material availability, which was exacerbated by the holiday slowdowns has helped push those prices up sharply. Seasonality also suggests that the strong market will continue. Over the last seven years, the January Mid-South PFG PBM market has only traded lower relative to December once. Rebuilding of inventory from the pet sector, strong export sales…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...