Animal protein prices continue to chase the soybean meal market higher. Trading was done at higher levels in a number of markets today and there are indications that some markets that some markets are being held in check purely from a lack of available, spot material. The big hog kills are keeping the porcine MBM market well supplied with material, but a soybean meal market above $370 combined with strong pet food and export demand is driving the overall complex higher. Through today the Missouri River market is averaging 80 percent of the price of nearby soybean…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...