05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Feathermeal prices traded higher this week with demand increasing for spot material. Demand from the feed blenders, exporters and range block producers has picked up. Feed blenders are taking advantage of the strong protein value in the feathermeal market. In July, the per unit of protein cost of feathermeal hit a multi-year low at $3.11, 52 percent of the cost of a unit of protein in soybean meal. Prices moved higher in August, closing the month at an average of $3.30 per unit of protein. Ruminant MBM out of the Missouri River market in August was cheaper by four cents, but freight rates…