Limited trade was reported for Tuesday and although several were in on Monday, several people in the market had a three-day, holiday weekend which lightened trade for the start of the week. Ruminant meat and bonemeal (MBM) was flat and porcine MBM was slightly higher on accounts of active demand.
Ruminant bloodmeal was steady to lower and the porcine bloodmeal market was unsettled and reported in a wide range. Indications were heard in a range of $1000-1375/st for the entire market. The Mid-Atlantic region continues to tight offering levels, keeping spot trades at a low of $1400/st.
For the week ending February 24, 2024, hog slaughter is forecast at 2.400 million head, 1.7 percent up from 2023 but 5.9 percent down from last week. Over the next six weeks, hog slaughter is projected to average 2.467 million head per week, less than half a percent under 2023 levels.
…
12.30.2024
Glycerin prices on rise while inventories fall
Crude glycerin prices rose this week, with sources reporting to Fastmarkets on Monday December 30 that slowing biodiesel production is leading to reduced supplies.
One trader reported for...
12.30.2024
Early publication of US agricultural products price assessments: pricing notice
Fastmarkets will publish price assessments for US animal fats and oils, animal proteins, biomass-based diesel, hide and leather, grain and feed ingredients, organic/non-GMO and vegetable oils at 12:00pm Central...
12.30.2024
US bloodmeal price spread widens even with an elevated low end: 2024 recap
US animal protein prices were steady on Monday December 30.
Hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.200 million head in the week to January 4,...