Porcine blood meal prices traded sharply lower today. Negative momentum had been building ahead of the holiday break and despite lower production numbers, sellers have had to discount material to keep it moving. Reformulations from the feed sector on a number of ingredients are driving prices lower across nearly all markets. Porcine blood meal FOB IA/MO/NE finished March with a relative price to soybean meal of 298 percent, 48 points over the prior three-year average. It’s reasonable to expect buyers to push for levels closer to the prior…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...