Meat and bone meal prices were steady this afternoon with supply and demand appearing to be well balanced at the moment. Supply is expected to continue to trend higher in the near term with a bigger harvest forecast for cattle, hogs and broilers. The additional supply and weakness in the soybean meal market add risk for lower prices in the near term. At present, the porcine MBM market has a premium of $55 to the ruminant market FOB Missouri River. The prior three-year average for July is $41.29 and $33.49 for August. With porcine material increasing in supply, the ruminant market may pull prices lower in the near term. The one piece of data that is supportive…
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...