Feather meal prices FOB Mid-South were flat this week and have averaged $512.50 since Jan 12th. During the same time frame soybean meal prices have fallen from a high of $465 to $438.20 today. The sinking soybean meal market has taken the momentum out of the rally and prices may plateau in the near term. Through the first three weeks of the month, feather meal FOB Mid South is trading at a relative price to soybean meal of 113 percent, three points under the prior three-year average. Those three points are unlikely to act as a catalyst to push prices higher with momentum…
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...