Trading was steady in the animal protein market with no changes reported. Sellers continue to push for higher numbers on both porcine and ruminant MBM. July soybean meal futures were off $5.70 this afternoon, settling at $421.10. Animal proteins remain very well valued on a per unit of protein basis versus soybean meal. Feathermeal (FM) prices did move lower this week with sources suggesting a combination of April reformulations and container shortages contributing to the downturn. Spot FM was very tight through much of the first quarter and it’s likely that indeed high prices relative to soybean meal pushed feathers out of…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...