Most values on animal proteins were flat for the day with trading reported within the previously set ranges. The only marginal adjustment was on porcine meat and bonemeal, Mo. River with a trade at $415/st reported late on Wednesday. The high end of the ranges on porcine meat and bonemeal has been communicated as ‘hard to move’ for some, while others were able to trade fairly easily at the higher ranges.
There were increases on soybean meal Wednesday and Thursday due to new projections on the WASDE as well as the USDA Crop Production. This has led to increased unease in the animal proteins market with the CME soybean meal December futures moving upwards $20 in two days to $392.90, a value in line with September’s highs.
October WASDE
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...