Ruminant MBM prices moved higher today with increases reported in all but two markets. Porcine trading was done at higher levels as well. Soybean meal was down just shy of $2 today at the CME, but the $360 nearby price should do little put a cap on prices. Buyers may start to push back basis the anticipation of cheaper cash material coming into the market in November and December, but the nearby market appears to be steady.
Meat meal exports hit a 2020 high in August with 89,881 MT exported. Mexico was the largest importer taking in 19,586 MT; Vietnam imported 18,286 MT and China was the third largest buyer at 16,421 MT. Indonesia imported 16,421 MT in August.
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...