Ruminant MBM prices were up this afternoon on tight, nearby supplies and some short covering. Export demand continues to be strong for both ruminant and porcine material. Typically, supply levels fall in the summer season as hog weights and head counts reduce. Since 2017, slaughter levels from June to August ranged from 2200-2500 head, with 2020 witnessing higher than average summer numbers.
Figure 1.
Year-to-date, hog slaughter is currently showing 57.4 million head, around a 3.3 percent increase over both 2019 and 2020. Despite the strong start to the year, there is risk for lower numbers in the coming months. Reports of limited offerings on live hogs persist from multiple producers, due to modest increases of porcine reproductive and respiratory syndrome (PRRS) incidences and…
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...