Feather meal prices rallied this week, topping out at $550 per ton FOB Mid-South. Strong exports and good demand from the fertilizer sector have helped to push the market higher. January has historically been a strong month, increasing four of the last five years relative to December. February has typically slowed, up three of the last five years relative to January.
Broiler slaughter over the next six weeks is forecast at an average of 166.7 million head per week, up 7.7 percent from the prior six week average and down 2.4 percent compared to year prior levels. The increase coming off of the holiday slowdowns is expected to add additional supply to the market. There…
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...