The US animal protein market was unsettled this week, with most items having limited range adjustments. The exception was the bloodmeal markets, with porcine bloodmeal dropping 10.4 percent, or $137.50/st, from the previous week’s average. Increased offering levels were indicated on porcine bloodmeal, while ruminant was conveyed as tight, most likely due to lower slaughter. Pressure on porcine bloodmeal has been indicated from most, with the lower demand from feed increasing the amount of spot material offered into the market. The ruminant bloodmeal weekly average was 5.6 percent lower from the week prior. This is most likely due to the lower cattle slaughter levels keeping inventories tight, even with less demand reported from some.
Porcine meat and bonemeal was higher on active demand while ruminant was flat week-on-week.
Fig. 1
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...