MBM prices moved higher for porcine and ruminant material today. Good demand from the blending sector and from pet food and export for porcine has helped give prices a boost.
The Mo. River ruminant MBM market is averaging $260 seven days into the June market. The relative price to soybean meal currently sits at 71.6%, which if it were to hold flat for the month of June, would be the lowest June relative price this millennium. June of 2004 had a relative…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.