Heightened Volatility In Several Markets

Heightened Volatility In Several Markets

Unsettled tones were amplified today with participants reporting wider than average ranges on the poultry-by-product pet grade market for Mid-South. A low of $700/ST, in limited volumes, was reported along with a high of $850/ST, creating an increased spread of $725-850/ST. Feathermeal out of the AL/GA and Delmarva markets traded higher on higher soybean meal values.

The ruminant MBM market traded in a wide range on the Illinois packer market, with a $350-425 range. Pushback from some locations has been consistently reported, with a low of $340/ST, in light volume, while others saw strong demand at the top end of the range. Activity levels have been regionally dispersed and untraditional, leading to irregular spreads and heightened uncertainty. Double purchases have been reported with participants obtaining truck shipments on top of rail cars in order to offest the risk of late rail car arrivals. Sources have reported delays of a week to a week and a half on shipments. 

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

04.16.2024

RIN dashboard

RIN dashboard

Reviewing the RIN dashboard ahead of the March EMTS release. The most recent Energy Information Administration (EIA) energy outlook and the Environmental Protection Agency (EPA) RIN production data provides...

04.16.2024

Cash SBO market weighs on DCO market

Cash SBO market weighs on DCO market

It was an active day in the distiller’s corn oil (DCO) market on Tuesday with pressure from the cash soybean oil market weighing on FOB truck values. Trading was broadly...

04.16.2024

MBM and BM mixed to softer on lower demand

MBM and BM mixed to softer on lower demand

For Tuesday April 16, animal proteins were mixed with most market sources indicating pressure on meat and bonemeal (MBM) and bloodmeal (BM). Market sources indicated mixed demand on MBM...

Latest Tweets