Thanksgiving Holiday and Increased Offerings Pressure Animal Proteins

Thanksgiving Holiday and Increased Offerings Pressure Animal Proteins

Values were generally flat at the end of the week. Confirmations on higher ruminant bloodmeal pushed the values up to a new range of $1025-1150/st. Values over were reported but could not be confirmed as of press time. Lower porcine meat and bonemeal was indicated today, dropping the low on Mo. River to $380/st.

The animal proteins market was highly irregular this week. Pressure was witnessed on ruminant meat and bonemeal, feathermeal, and poultry by-product pet grade, even with a rise in soybean meal. Next week, some packing plants will have a three-day processing week due to the Thanksgiving holiday on Thursday, creating more unease in the market.

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