Animal protein prices traded broadly higher today with stronger demand seen in a number of markets. Ruminant MBM prices were up as much as $17.50 from the last traded level today. Stronger soybean meal prices, good export demand and tighter cattle slaughter have all contributed to the upswing. Material was indicated as high as $240 out of the Midwestern market, but the bulk of action was within today’s printed range. The higher indications are a sign of a firm market with some sellers seeing tight, nearby positions.
Trading into Indonesia has been indicated as high as $495 CIF by non-US sellers, which would be very bullish for the nearby, ruminant MBM market. At an average of $187.50 FOB Missouri River and Texas Panhandle, ruminant MBM…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...