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Blog

US animal protein prices steady; demand increases ahead of holiday

Alexandra Watts | 11.05.2024

Large volumes were traded on the US animal proteins market on Tuesday November 5. Prices remained within the previously assessed ranges, but market sources reported supportive undertones ahead of the Thanksgiving holiday period due to increased demand.

Porcine meat and bonemeal relative to soybean meal
Prices for porcine meat and bonemeal (MBM) relative to soybean meal (SBM) futures on the Chicago Board of Trade (CBOT) have fallen from their peak in April.

So far...

US corn, soybean harvest over 90% complete; winter wheat conditions improve

The USDA published the 32nd crop progress report for the 2024 growing season on Monday November 4, covering data...

Long negotiations bring hide price increases; Canadian ports on strike

US hide market participants told Fastmarkets that many buyers and sellers continued to negotiate prices for steer hides on...

CBOT soybean oil price rally to ease amid US renewable fuel production cuts: sources

Soybean prices on the Chicago Board of Trade (CBOT) increased by 11% over the prior two-week period ended Friday...

US kosher crude glycerin prices edge higher on stronger demand

Kosher crude glycerin prices in the US are currently underpinned by an integrated company in the agricultural supply chain...

US animal fats markets quiet; cattle slaughter up slightly

The US animal fats markets experienced a quiet start to the week on Monday November 4, with no changes...

US meat meal production in September down year on year: USDA

Trading was quiet in the US animal protein market on Monday November 4, with no price changes reported.

September US soybean crush jumps 11% month on month; corn consumption drops

US soybean crush climbs above monthly, yearly levels
Soybeans crushed for crude oil totaled 187 million bushels in September,...

Hide buyers refuse to budge on steer prices, despite sellers’ attempt to increase

The US hide market had a quiet tone to start the week on Monday November 4, while most market...

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Blog

11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

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