The tone for today was mixed but was highly active with most participants trading in the animal proteins market. Values were unsettled and some items were trading in wider ranges due to market unease and higher soybean meal values.
The largest jump of the day was on porcine bloodmeal. While ruminant bloodmeal was flat, porcine moved higher on strong interest levels and diminished inventory. A high of $1200/st was reported out of the IA/MO/NE and $1250/st in Indiana, however, the bulk of the market could not be confirmed that high as of press time. IA/MO/NE was confirmed in bulk at $1000-1150/st while IN was $1150-1200/st, a significant jump for both regions.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...