US animal protein prices were flat on Friday November 8, with sources reporting no changes.
In the week to Friday, animal protein prices were relatively steady. Sources reported some price pressure, mostly due to lower soybean meal futures on the Chicago Board of Trade (CBOT).
Market participants reported a rise in demand for ruminant and porcine bloodmeal for the November/December period, likely due to the holidays. Some sources are hopeful for upward price pressure on bloodmeal in the coming weeks.
The weekly average price for porcine bloodmeal in the Missouri River market dropped to $900 per short ton on Friday, down by $4.50 per ton from the previous week.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...