Market values on US animal proteins were generally flat on Wednesday July 10, with market sources indicating a stagnant day.
Rail embargoes lingering from flooding and lower values on soybean meal tend to push the market lower, according to market sources, but higher soybean meal basis levels and tighter inventories from lower slaughter levels have kept pricing from dropping.
Fastmarkets assessed poultry by-product meal, pet food, fob US Midwest at $600-650 per short ton on Wednesday, down from $625-675 per short ton a day earlier.
US broiler slaughter
Fastmarkets research forecasts broiler slaughter at 166.246 million head in the week to Saturday July 13, 1.25% lower than the same period in 2023.
Over the next six weeks, broiler slaughter is expected to average 163.201 million head per week, down by 2.71% year on year, according to Fastmarkets research.
…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...