Trading was very quiet this afternoon with only a handful of trucks trading at $368 for ruminant MBM out of the Mo. River. Both buyers and sellers were quiet on directional outlooks, but the dynamics continue to look the same, i.e. more supply than demand.
The protein market continues to be supply driven with prices falling again last week. Heavy porcine supplies are weighing down the ruminant market, which should be fairly tight due to very low kill…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...