The protein market was quiet today on sideways trading. Sources have suggested that buyers are watching the prices of soybean meal continuing to climb and gearing up for bigger animal protein inclusions after the reformulations that pushed more material into the spot market over the last three weeks.
Porcine bloodmeal was lower again this week as sellers continue to discount material to keep product moving. Historically, values have decreased heading into the summer months. Over the last five years, the price in May has increased relative to April, twice. In 2018 the market increased $486.28, on average, from April. Excluding that…
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...