Ruminant meat and bone meal traded lower out of the Illinois renderer market and into the AL/GA market today. Sellers continue to cut prices to keep product moving after usage cuts from the feed sector. Feathermeal prices are under similar pressure after reformulations tied to high relative prices to soybean meal. The Carolinas market ended March at a relative price to soybean meal of 130 percent, 12 points over the prior three year average. April has historically been a month of higher…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...