The protein market was quiet today on sideways trading. Sources have suggested that buyers are watching the prices of soybean meal continuing to climb and gearing up for bigger animal protein inclusions after the reformulations that pushed more material into the spot market over the last three weeks.
Porcine bloodmeal was lower again this week as sellers continue to discount material to keep product moving. Historically, values have decreased heading into the summer months. Over the last five years, the price in May has increased relative to April, twice. In 2018 the market increased $486.28, on average, from April. Excluding that…
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...