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….
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.