Porcine MBM prices were higher today out of the Midwestern markets. Several buyers and sellers said that they were well positioned, but those needing material were finding a tight spot market.
Animal protein price averages for the first quarter (Q1) of 2024 were mixed when compared to the previous two years, though the bulk of items have been lower, following the direction of the soybean meal market.
Meat and bonemeal (MBM), especially ruminant, started out the year with excess availability, weighing on meat and bonemeal prices. However, due to holiday slaughter slowdowns, winter storms, and maintenance issues; inventory levels quickly dropped. For the quarter, porcine and ruminant MBM averages for 2024 ranged 19-42% lower than Q1 2023.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...