Shipping Struggles Extend Protein Price Slide

Shipping Struggles Extend Protein Price Slide

The market was quiet to close out the week. There were a couple of loads of porcine MBM that traded as low as $330/MT. Sellers moving material into export or pet food have been able to trade above the printed range, but those moving loads outside of those markets are starting to get pressure due to the cheaper ruminant and soybean meal prices. 

A steady to weaker call was witnessed this week on reports of increased trucking related struggles as the harvest season begins. Compounding the truck scarcity is the lessened movement at the Gulf port for export. Meat and bonemeal ruminant Mo. River saw a 3.75 percent drop on the weekly average while the porcine sector was down 0.83 percent with tighter ranges. Feathermeal also witnessed pushback in the market as lower soybean meal pricing placed pressure on the market, leading to a $20/ST or 1.4 decline week-on-week. Bloodmeal was mixed with beef lingering within the ranges while porcine continued to see slight declines in most…

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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