The porcine MBM market was more active to the upside this week versus the ruminant MBM market. Both meat and bone meal markets saw higher prices this week, catalyzed by the strong soybean meal market coming off of the holiday break. The spread between ruminant and porcine MBM is currently at $25 for the Missouri River markets, $10 under the prior three year average. The indications from the market have been that ruminant has been a bit harder of a sell this week versus the porcine, which has seen good demand from the pet food, domestic blenders and export markets. It’s reasonable to expect the strong demand to continue to pull on the porcine market, especially if sellers are long into the export sector and the spot availability tightens up in the second half of January.
Figure…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...