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Demand was steady at the start of the week and then seemed to improve later in the week, but not enough to influence prices higher. Export interest appears to be at a steady pace. Low ruminant meat and bone meal prices are likely limiting upside price potential and that is apt to continue for a couple more weeks.
The relative price to soybean meal futures in the River Market for July was 70.6%, down from June’s 75.8%, but above last July’s 66.2%. For the last two months, the relative price has been below the 3-year average but above last year. The relative price in August and September tends to increase from July, but…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...