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…
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.