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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...