Ruminant MBM and BM Display Increased Volatility

Ruminant MBM and BM Display Increased Volatility

The animal protein market was steady to close out the week though unsettled undertones were noted as wide ranges linger, specifically in the meat and bone meal (MBM) and blood meal (BM) markets. Overall, MBM ruminant witnessed a 2.6 percent or $9/ST week-over-week growth while the porcine counterpart was unchanged at an average $453/ST for the week. BM ruminant witnessed modest weakness compared to last week with a 2.9 percent or $29/ST loss while porcine BM again remained flat for the respective period. With the more recent cyber-attack on JBS, a have and have-not market has been noted from some participants for beef as slaughter is still trying to be made up amid seasonally decreased weights and heightened export demand.

Figure 1. 

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets