Missouri River porcine meat and bonemeal prices under pressure
The US animal protein market was steady to down on Monday July 29, with very little price adjustments.
The animal fats and oils markets started the week quiet on Monday July 29, as sources noted a lull in trading after news of a DC circuit court's decision to overturn previous EPA denials of at least some small refinery exemptions (SREs).
This decision could potentially reduce overall demand for US biodiesel and exert downward pressure on renewable identification number (RIN) prices, which are the currency of compliance under the Renewable Fuel Standard (RFS) program.
Consequently, lower RIN pri...