Hog slaughter finished the week at an estimated 2.754 million, down from last week’s 2.79 but well over last year’s 2.528. Despite the increase in production, up 5 percent year to date, values have been strong through the month. Strong feed and pet food demand are adding strength to the market as is a stronger soybean meal market. Soybean meal prices are up an average of 11 percent for March relative to February, while Missouri…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...