Porcine MBM FOB Missouri River is trading at a premium of $55 to the ruminant MBM FOB Missouri River market. The prior three year average for January is $35.45, or $19.55 under the current price spread. The big difference in price suggests that ruminant MBM prices are due for a correction higher in the near term. On a pure protein basis, comparing the top end of the range porcine is trading at $7.50 per unit while ruminant is trading at $7 per unit. Those 50 cents spread across a feeding program, with flexibility between the…
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...