Feather meal prices moved higher again this week, topping out at $525 FOB Mid-South. Prices have doubled since the week ending July 10th, moving from $247 FOB to $525 yesterday. Soybean meal values combined with tight supplies in the fourth quarter to accelerate the rate of increase in the market. With soybean meal values trending higher after yesterday’s bullish WASDE report, it’s reasonable to expect further gains in the near term. Demand remains strong for both the domestic and export markets and seasonal, fertilizer demand is expected add to the upward momentum.
Feather meal export data were released for November at 7,691 tonnes, an…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...