With the exception of DRT from late yesterday, the animal protein market was sideways today. Prices remain well supported with soybean meal up again today and at one point, above the $390 mark. Ruminant blood meal prices out of the Missouri River market were up 9 percent this week and the monthly average for October is up to a relative price to soybean meal of 197 percent. Seasonally, the relative price has historically dropped in the fourth quarter and the month to date average of 197 percent is 14 points over the prior three year average for October and 10 points over the prior three year average for November. The higher…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...