The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.
Poultry by-product pet grade was reported lower in the Southeast region, at $775-850 per short ton. Market sources have said diminished demand from pet food processors in more recent sessions is expected to weigh on spot values. Contracts based off CME soybean meal pricing have continued to be reported as under spot trades for the month of March.
Broiler Slaughter Forecast
For the week ending March 30, 2024, broiler slaughter is anticipated to be 162.728 million head, up half a percent from 2023 for the respective week. Over the next six weeks, broiler slaughter is projected to average 162.868 million head per week, down 1.48% from 2023. (Fig. 1)
…
10.07.2024
CleanJoule seeks to break SAF blend wall, lower price
Startup producer CleanJoule says its sustainable aviation fuel (SAF) process could allow for blends of up to 100%, and could eventually be priced competitively with conventional jet fuel, Mukund...
10.07.2024
European market for animal fats and oils higher on strength in biodiesel, gasoil markets
Distillers’ corn oil (DCO) traded lower into Manly, Iowa on Monday October 7, falling by 0.25 cents per lb from the last traded price, the lone report in what...
10.07.2024
US poultry by-product prices steady to lower; hog slaughter forecast higher in Q4
Trading was mostly quiet in the US animal protein market on Monday October 7, with minimal price changes reported. Poultry items were indicated as steady to lower, though price...