Flurry of Challenges Place Pressure on Protein Values

Flurry of Challenges Place Pressure on Protein Values

The expanded recall on pet food items from a plant in Texas has contributed to an extensive drop on the ruminant meat and bonemeal. Participants indicated the upcoming holiday, along with the flooded markets, have caused the significant drop in values. Not only do the pet food domestic issues affect the market but diminished export trade into Indonesia and Vietnam continues to weigh on ruminant meat and bonemeal. Bids as low as $250/st were reported for material out the Mo. River region and the Tx. Panhandle markets. Porcine meat and bonemeal was generally flat with most trades landing within the previously set ranges.

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07.23.2024

US House moves to extend biodiesel blenders tax credit

US House moves to extend biodiesel blenders tax credit

A bipartisan bill to extend the $1-per-gallon biodiesel tax credit was introduced to the House of Representatives on July 18. The bill was sponsored by representative Mike Carey of...

07.23.2024

Fundamentals suggest CWG rally nearing an end

Fundamentals suggest CWG rally nearing an end

The US bleachable fancy tallow (BFT) markets were steady from Monday July 22. A bid was heard for packer tallow at 52 cents per lb delivered Chicago, but could...

07.23.2024

Soybean meal futures weigh on porcine MBM market

Soybean meal futures weigh on porcine MBM market

Please note that Chloe Krimmel will be out of the office through Wednesday July 24. In her absence, please contact Ryan Standard.

Ruminant blood meal traded higher on...

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