05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
The protein markets were fairly quiet today with the only big move seen in the feather meal markets. Meat and bone meal offers were out higher this afternoon, but trading was quiet in terms of volume. Prices still have room on the upside in terms of protein value relative to soybean meal. The Missouri River porcine MBM market finished February with a relative price to soybean meal of 91.7 percent, and through today the market for March is currently at 97.6 percent. Prices shouldn’t start to run into a ceiling until past the 108 percent mark on a protein basis. Shipping issues may pose a threat to higher…