The ruminant MBM market seems to be searching for direction with plenty of discussion on direction heard today, but little trading. There was some action seen out of the Panhandle as low as $200. Porcine trading was reported as low as $270 FOB Eastern IA/IL.
Feathermeal saw higher trading nearly across the board today. Sources continue to report tight supplies, both because of the holiday season but from strong demand as well.
Figure 1.
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11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...