Porcine MBM closed the month up just shy of $33 from January. Prices have hit the highest February market since 2014 and the highest monthly average since August of 2015. The PED virus decimated the hog numbers in late 2013 through 2015, which contributed to the big numbers and relative prices to soybean meal as high as 150 percent. The current market has been driven by tighter supplies of proteins, but not to the PEDv days of 2014 and 2015. Porcine MBM remains well priced versus soybean meal and the expectation for slower slaughter in March adds risk for continued high prices.
Figure 1.
…
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...