Tight, nearby supplies have contributed to a move higher in the animal protein market. Ruminant MBM prices traded up $5 – 17.50 this afternoon around the US. A wide spread to porcine and strong export demand contributed, on top of the supply constraints, to the move.
Feathermeal prices were up as well. Sources continue to indicate that container shortages are affecting the ability to export, but tight spot supplies in the nearby market pushed prices up by as much as $35 today. If soybean meal prices continue do trade in the $385 – 390 range, it’s…
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...