Bloodmeal trading continues at strong levels with porcine trading over $1000 FOB this week. Trading out of the IA-MO-NE market hit a relative price to soybean meal of 310 percent in March, 60 points under the prior three year average. Given the typical upward swing in the relative price in the spring and early summer months, it’s reasonable to expect bloodmeal prices to stay steady in the near term. Shipping issues are…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...