A have-have-not tone was communicated on the meat and bonemeal market this week. Some participants indicated that the seasonal lull in slaughter, paired with the closures for snow, have diminished offering levels. On the other hand, there are still several indicating excess supply, keeping pressure on the overall market tone. Lower soybean meal values also weighed on the market.
Bloodmeal continued to tight, though there were accounts of buyer hesitancy and pushback due to the elevated value relative to blend pricing and soybean meal.
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...