There was a decent amount of action for a Monday in the protein market. Ruminant MBM traded in good volume at $365 – 370 FOB Mo. River with light trading done as high as $377. Sources suggested that bean meal basis levels are starting to fall in the Southeast and buyers may be including much more SBM unless prices come down. Values have been high relative to Midwest trading over the last several weeks, much to the chagrin of protein buyers. Porcine trading was…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...