Cattle Feeder Simulator: Net Margins Drop Back Under Double Digits

Cattle Feeder Simulator: Net Margins Drop Back Under Double Digits

Highly unsettled tones and wide ranges have been indicated on most of the animal protein items with a combination of a new month, hit-and-miss interest, buyer pushback, as well as increased volatility on the CBOT grains. Pressure at the high end of the range on meat and bonemeal has been communicated for both porcine and ruminant items. However, some contacts have been able to secure the higher values for the near term with active demand. Feathermeal values have continued to witness pressure, even with the CME gains on soymeal at the latter end of this week.

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04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

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