Trading was steady in the animal protein market with no changes reported. Sellers continue to push for higher numbers on both porcine and ruminant MBM. July soybean meal futures were off $5.70 this afternoon, settling at $421.10. Animal proteins remain very well valued on a per unit of protein basis versus soybean meal. Feathermeal (FM) prices did move lower this week with sources suggesting a combination of April reformulations and container shortages contributing to the downturn. Spot FM was very tight through much of the first quarter and it’s likely that indeed high prices relative to soybean meal pushed feathers out of…
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...