Heavy Mixed Species Supplies Drive MBM Market Lower

Heavy Mixed Species Supplies Drive MBM Market Lower

Ruminant MBM prices fell to a low of $300 today FOB Missouri River and Texas Panhandle. Heavy supplies of mixed species material are pressuring the bottom end of the market. One would expect trading at $300 to pull the top end of the range lower, but demand for pure beef material remains strong. Feeding operations raising halal eligible poultry have been willing to pay the premium for pure beef material. Growth in that feed sector has increased the range between the low and high market…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.20.2024

Strong feed demand boosts choice white grease market

Strong feed demand boosts choice white grease market

Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...

05.20.2024

Lower cattle herd expectations signal tightening cattle products

Lower cattle herd expectations signal tightening cattle products

US animal proteins were steady on Monday May 20, with limited trade reported and most testing the pre-holiday market.

US cattle slaughter and CME cattle futures
Fastmarkets’ research...

05.20.2024

Central Illinois soybean crush margins rebound from previous low

Central Illinois soybean crush margins rebound from previous low

Chicago Mercantile Exchange (CME) grain prices shifted higher across the board on Monday May 20.

The July soybean futures contract increased by 20 cents per bushel to settle...

Latest Tweets