The protein markets were fairly quiet today with the only big move seen in the feather meal markets. Meat and bone meal offers were out higher this afternoon, but trading was quiet in terms of volume. Prices still have room on the upside in terms of protein value relative to soybean meal. The Missouri River porcine MBM market finished February with a relative price to soybean meal of 91.7 percent, and through today the market for March is currently at 97.6 percent. Prices shouldn’t start to run into a ceiling until past the 108 percent mark on a protein basis. Shipping issues may pose a threat to higher…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...