Please note – The Jacobsen offices will be closed tomorrow, Friday April 2nd. We will resume our normal publication schedule on Monday, April 5th.
The protein market was quiet ahead of the long weekend. Soybean meal prices gave up $14 of yesterday’s $25 gain, settling at $409.20 for the May contact. Prices for ruminant meat and bone meal (MBM) have traded down to a level where they should be much more attractive to buyers, even with the big drop in soybean meal today. Over the last five years, ruminant MBM has traded higher in April relative to March twice. The May market has traded lower relative to April in seven of the last seven years….
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...