There were higher prices for a number of products in the animal proteins market today. The USDA’s WASDE report generated a big run up at the CME for soybean meal today, the nearby contract finished at $471.20, up $19.40 from yesterday’s close. Ruminant MBM prices traded as high as $375, but the bulk of volume today was in the range of $280 – 350 FOB Missouri River. At an average of $315.50, ruminant MBM out of the Missouri River market has a relative price to nearby soybean meal of 67 percent. The prior three-year average for the Missouri River market is 69 percent, which suggests risk for slightly higher prices in the near term.
The top end of the ruminant MBM is at risk to increase with strong demand for pure beef material. Export and pet food demand for…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...