The animal protein market was quiet to close out the day, and the month. Proteins on a whole increased relative to December, driven higher by the upswing in the soybean meal market and tighter production coming out of the holiday. Pet food demand has been strong to start the year, which helped to push pet grade poultry by product meal monthly average for the Southeast $79 over the December average. January finished at 205 percent of the price of nearby soybean meal, five points over the prior three year average and just above the 204 percent from 2018 and 2019. With production resuming to more normalized levels, expect the market to continue to track the soybean meal market in the near term. It’s reasonable to expect prices to move sideways as buyers gauge the volatility in early February.
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02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...