12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
Values were generally flat at the end of the week. Confirmations on higher ruminant bloodmeal pushed the values up to a new range of $1025-1150/st. Values over were reported but could not be confirmed as of press time. Lower porcine meat and bonemeal was indicated today, dropping the low on Mo. River to $380/st.
The animal proteins market was highly irregular this week. Pressure was witnessed on ruminant meat and bonemeal, feathermeal, and poultry by-product pet grade, even with a rise in soybean meal. Next week, some packing plants will have a three-day processing week due to the Thanksgiving holiday on Thursday, creating more unease in the market.
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