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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...