Porcine meat and bone meal (MBM) traded lower today out of the Midwestern markets, down by as much as $22.50 FOB Indiana. Trading in the Carolinas was higher, supported by tighter supplies and strong, widespread demand. The porcine MBM market has been resistant to the downswing in protein values since February. Through today, soybean meal remains the highest price ingredient on a per protein basis when compared to feather meal and ruminant and porcine MBM. Porcine MBM is off 14 cents per unit compared to March where ruminant MBM is down 67 cents per unit. Feathermeal is down 84 cents per unit. The lower prices…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...