Mid South feathermeal prices have steadily increased since the week ending July 20th, 2020. As illustrated in Fig 1. below, the market overcorrected to the downside after averaging 116 percent of the price of nearby soybean meal in late April and through May of 2020. Production increases and COVID disruptions acted as a catalyst to the move lower. With values continuing to increase and soybean meal values under downward pressure, how much momentum is left in this bull run? While soy has contributed to the rally and may certainly be its undoing, tight nearby positions and the potential for short covering remain a risk for higher prices in the near term. Broiler slaughter is expected to averaged 2.4 percent below 2020 levels…
01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...