12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
**Please note, The Jacobsen will close at 1:00CT on Wednesday and will not publish a bulletin on Thursday and Friday in observance of the Thanksgiving holiday.**
For Tuesday, animal proteins were called wide ranging and origin dependent with the upcoming Thanksgiving weekend and multiple factors such as: previous selling out-front for the current week, consistent export slowdowns increasing offering levels, and market fluctuations on grain and cattle/hog futures.
Porcine meat and bonemeal, Mo. River’s range increased to $354-440/st. Trades under the current spread for ruminant meat and bonemeal, Tx Panhandle, could not be confirmed in bulk trade. There were multiple accounts of extremely wide ranges.
Porcine bloodmeal, Mo. River, had a wide range as well between $1100-1275/st, though the bulk of trade was confirmed at $1150-1250/st. A low of $900/st could not be confirmed for ruminant bloodmeal, Tx. Panhandle.
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