Porcine meat and bone meal (MBM) traded lower today out of the Midwestern markets, down by as much as $22.50 FOB Indiana. Trading in the Carolinas was higher, supported by tighter supplies and strong, widespread demand. The porcine MBM market has been resistant to the downswing in protein values since February. Through today, soybean meal remains the highest price ingredient on a per protein basis when compared to feather meal and ruminant and porcine MBM. Porcine MBM is off 14 cents per unit compared to March where ruminant MBM is down 67 cents per unit. Feathermeal is down 84 cents per unit. The lower prices…
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...