Ruminant MBM was reported higher out of the Illinois market as well as the Dal/Hou today, $270 and 285, respectively. Trading elsewhere was quiet with most reporting the market well sold and snug from a supply perspective. Bean meal prices were back up again today, but midday trading was short of cutting yesterday’s losses in half. With that stated, the current market is well above the 30 day average and that combined with tight supplies are giving the sellers some…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...