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…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.