Ruminant MBM traded higher out of the Missouri River market this afternoon, up to range of $300 – 370. Sellers of both mixed species and pure beef material were out with higher top-end offers which have thus far gone unsold. The strength in the soybean meal market is driving the higher offers, but buyers have been resistant to price increases. For April, the Missouri River ruminant MBM market is averaging 81 percent of the price of nearby soybean meal (SBM). The prior three-year average for April is 79 percent. Looking at today’s market, the average falls slightly to 79 percent. The prior three-year average for May is 76 percent. Succinctly put, meat and bone meal…
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...