Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet food industry, has started to weigh on market prices.
The relative value to soybean meal, currently at 84.40% for the week ended ending April 12, has been moving up in-line with the five-year average and below last year for the respective week by 12-points. A low of $250/st was indicated in the fob Mo. River region for ruminant meat and bonemeal and a low of $200/st in fob California.
Meat and bonemeal, porcine fob Mo. River traded in bulk at a new range of $350-415/st.
USDA grain consuming animal units move slightly higher
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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...