Ruminant MBM continues to exhibit strength with trading done at $330 – 340 this afternoon. The panhandle market was up with the bottom side reported at $310. Porcine sellers were able to push prices higher to close out the week as well, $350 out of the Mo. River market and a ceiling of $350 FOB Eastern IA/IL.
Even with the jumps, MBM remains well priced against both cash and nearby SBM. At an average of $335, Mo. River MBM has a ratio of 92% relative to cash…
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...