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.
…
01.16.2025
USA BioEnergy acquires land for Bon Wier SAF facility
USA BioEnergy has completed the purchase of land for its greenfield sustainable aviation fuel (SAF) production facility in East Texas, the company announced on Tuesday January 14.
The...
01.16.2025
Prices for US animal fats and oils hold steady despite declines in vegoils, energy complex
Activity in the US animal fats and oils markets slowed on Thursday January 16, with the industry continuing to process the implications of the updated Greenhouse Gases, Regulated Emissions,...
01.16.2025
Mid-January ruminant MBM, soybean meal relativity above 5-year average
Market sources reported limited trade volume to Fastmarkets on Thursday January 16, keeping most US animal protein trade prices rangebound for the day.
At close, the benchmark March...