Most items were rangebound for the day with exception of the ruminant meat and bone meal (MBM) sector. Most participants reported increased availabilty in the market due to trucking disruptions along with lighter than expected export movement. Some participants noted pushback and sold material as low as $250/ST for mixed species and $315/ST for pure beef, Missouri River FOB. Illinois Renderer also saw a decline in the market with a low of $230/ST confrmed.
As of September 15th, the pet food grade poultry-by-product market (PFG PBM) FOB Mid-South is averaging $645/ST, a month-on-month decrease of 4.1 percent or $24.50/ST from August. Even with this decline month-on-month, the average remains 11.5 percent over the prior year due to continued labor and trucking shortages, expanded exports, and increased domestic demand from pet food consumers. Reports of rejected loads and buyer pushback have persisted from multiple contacts with several companies reportedly at…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
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Import demand from...
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