Ruminant MBM prices were higher today on good demand through into the first week of December. Soybean meal prices were off slightly today, but values are still supportive of steady to higher prices in both the ruminant and porcine MBM markets. Blood meal prices were higher this week on tighter production through the holiday and overall strength in the entire protein complex. There is risk building for lower prices with Class III milk futures plummeting 20 percent over the last seven trading sessions on the December contract. Surging COVID-19 cases in a number of states have refreshed mitigation efforts and a number of public schools are suspending in-person classroom activities. School…
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...