Meat and bone meal prices moved lower today with additional supply adding downward pressure to the market. Hog slaughter is up 40 percent relative to three weeks ago and cattle slaughter is up 32 percent relative to three weeks ago. At porcine prices below $300 FOB, sellers should start to attract more demand from the buy side for the June position/formulations, but broad appeal is likely to consolidate towards the lower end of the range for both porcine and ruminant material. Porcine and ruminant ellers with…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...