Light movement was noted for most items throughout the animal protein sector as soybean meal saw large discounts and created volatility in related markets. Pushback was noted on bloodmeal for both ruminant and porcine while the meat and bone meal items were rangebound but on the weaker side of steady. Sources indicated ruminant MBM as low as $850, with some light trading reported over the $1000/MT mark for the Mo. River market.
SBM has had a negative tone over the last month and prices have come off 5 percent for June comared to May. Reports of improved weather conditions for the Midwest, such as cooler temperatures and increased rainfall has led to some loss of buying support for SBM. Meanwhile, porcine meat and bonemeal (MBM) has remained unchanged for the respective period on the…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.