Trading was sideways on most products today with the exception of the Eastern ruminant meat and bone meal market. Prices were down $5 on average with lower priced material working into the East and Southeast from the Midwest.
There are indications of down pressure on ruminant blood meal, which is not surprising given the drop in porcine blood meal prices. Over the last three years, porcine blood meal has averaged a $26.41 premium to ruminant bloodmeal out of the Missouri River market. For April that premium increases to $83.03, porcine blood meal out of the IA/MO/NE (which is the…
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...