Porcine MBM prices moved lower today, despite continued low numbers on the hog slaughter. After a rush to fill the surge of demand in March and early April, pet food demand appears to be slowing and historically the summer period has brought slower, spot demand as well. Prices topped out at $450 out of the Midwestern markets today.
Inedible meat meal exports were up in March, totaling 86,462 MT, up 12 percent from February and up 39 percent from March of 2019. Indonesia was the largest buyer at 22,396 MT…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...