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Highly unsettled tones and irregular pricing patterns were indicated on animal proteins this week. Lower soybean meal prices have pressured the spot markets for not only poultry-by pet food grade but also on ruminant and porcine meat and bonemeal, but limited spot supply in some markets has helped keep prices firm. However, buyers are starting to indicate increased availability which has led to some pulling back on increased optionality.
Poultry-by pet food grade showed the largest drop for the week with a 6.4 or $62.50/st drop on weekly averages from last week. Excess supplies were reported from multiple participants on accounts of slowdowns or stoppages at pet food plants while others continued to witness no offerings on the spot market.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...