Ruminant blood meal out of the Missouri River market has traded 17 percent higher over the last six weeks. Today’s price, at an average of $950, has a relative price to nearby soybean meal of 204 percent. The prior three-year average for January is 221 percent, which suggests there is more room on the upside of the market in the near term. The Class III milk market has been volatile over the last few weeks, but the trend on the February contract has been higher, which is also supportive of the blood meal market. It’s reasonable to expect sellers to tread cautiously on further price increases with the blood meal market having a…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...