Porcine blood meal prices traded sharply lower today. Negative momentum had been building ahead of the holiday break and despite lower production numbers, sellers have had to discount material to keep it moving. Reformulations from the feed sector on a number of ingredients are driving prices lower across nearly all markets. Porcine blood meal FOB IA/MO/NE finished March with a relative price to soybean meal of 298 percent, 48 points over the prior three-year average. It’s reasonable to expect buyers to push for levels closer to the prior…
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...