Despite another day of lower prices at the CME, animal protein prices continue to trade higher. The upward momentum in the MBM markets appears to be running out of steam, but a well sold porcine market, slower slaughter and a still-favorable price to soybean meal are offering near term support.
Feather meal prices moved sharply higher out of the Minnesota, Mid South and Carolinas markets. Trading topped out at $575 FOB Mid South, which has a relative price to soybean meal of 134 percent. At that level, the protein value is…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...