There was a big drop in the Mid-South feathermeal market today with trading done in very good volume as low as $450 FOB. Higher soybean meal prices and more acutely, shipping difficulties backing supply up into the interior markets, pressured the markets over the last week and a half. Sellers were forced to take big discounts today in order to move product. The lower priced Mid-South market adds significant risk to the surrounding markets for lower prices in the near term.
Porcine bloodmeal prices are supported by tighter production this month. The average price to nearby soybean meal is up to 294 percent through the first 18 days of the month, an increase of 27 percentage points from February…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.