Unsettledness has been witnessed on several protein items as soybean meal prices continue to increase, leading to reports of feed reformulation and increaed, internal usage. Wider than average price spreads have been reported on the poultry-by-product market with chicken meal showing a low of $775/ST and a high of $1200/ST, all in limited trade volumes. Bulk trade movement was narrowed down to a range of $850-1000/ST for chicken meal Mid-South. Pet food grade PBM FOB Mid-South, also traded in wider ranges with a $650-800/ST, as some contacts reported increased offerings and other noted strong demand in the market.
Buyer pushback was reported for ruminant MBM FOB Illinois, leading to wider ranges on the day. Some contacts continued to note a $425/ST level while others were lower at $375/ST. Buyer need and offering levels continue to affect pricing levels region to region and spreads have been untraditional.
May corn futures were higher by $0.02275/bu to $7.55, May…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...