Cattle Feeder Simulator: Net Margins Drop Back Under Double Digits

Cattle Feeder Simulator: Net Margins Drop Back Under Double Digits

Highly unsettled tones and wide ranges have been indicated on most of the animal protein items with a combination of a new month, hit-and-miss interest, buyer pushback, as well as increased volatility on the CBOT grains. Pressure at the high end of the range on meat and bonemeal has been communicated for both porcine and ruminant items. However, some contacts have been able to secure the higher values for the near term with active demand. Feathermeal values have continued to witness pressure, even with the CME gains on soymeal at the latter end of this week.

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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...

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