Ruminant meat and bone meal prices moved lower into the Eastern market today. Increased production has placed pressure on the entire protein complex as a whole with feathermeal, meat and bone meal and bloodmeal prices all moving lower this week. Hog slaughter has averaged over 400,000 head per day today and yesterday, a sign that the market is getting closer to historical norms in terms of production. The, in places, unexpected and rapid upswing in production is weighing on the market. With soybean meal at $280 – 285 for the nearby contract, markets…
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...