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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...