Bearish tones were witnessed for many of the items in the animal protein sector. NOLA ports continue to see disruptions from power limitations due to Ida and Tropical Storm Nicholas moving into the Houston area. This will continue to affect freight movement along the Gulf. Labor constraints for plants and rails have also created unsettled undertones, leading to some wide ranges.
Poultry-by-product pet-food grade witnessed a low of $575/ST for both the Southeast and Mid-South regions on reports of fully adequate to ample offerings from some participants. The high ends for porcine blood meal dropped from $1250/ST to $1200/ST FOB Indiana while Mo. River saw a high of $1150/ST for the day. Feathermeal also saw pressure with most pricing at or below $500/ST.
On a weekly basis, ruminant meat and bonemeal (MBM) Mo. River has declined for the last 10 weeks with a decrease of $50/ST or 13 percent from. Falloffs in export interest have been…
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...