Porcine MBM closed the month up just shy of $33 from January. Prices have hit the highest February market since 2014 and the highest monthly average since August of 2015. The PED virus decimated the hog numbers in late 2013 through 2015, which contributed to the big numbers and relative prices to soybean meal as high as 150 percent. The current market has been driven by tighter supplies of proteins, but not to the PEDv days of 2014 and 2015. Porcine MBM remains well priced versus soybean meal and the expectation for slower slaughter in March adds risk for continued high prices.
Figure 1.
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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...