Heavy Nearby Supply Pressures MBM Markets Lower

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Heavy Nearby Supply Pressures MBM Markets Lower

Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that difficulty with exports and reformulations have led to extra nearby supply. Moving into December, buyers are likely giving MBM a second look at the current value relative to soybean meal. At $250, ruminan...

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Ethanol Production and Stocks Fall Week-on-Week

Ethanol Production and Stocks Fall Week-on-Week

CME grain prices were mixed on Wednesday. December wheat saw an increase of $0.1225, closing at $5.56/bu,...

Buying Activity in US Hide Market Slow Midweek

Buying Activity in US Hide Market Slow Midweek

Midweek activity in the US hide market was slow while sellers field bids after releasing offers last night. Buyers...

Soybean Oil Cash Basis Steady to Down in Limited Trade

Soybean Oil Cash Basis Steady to Down in Limited Trade

Prompt basis Indications for soybean oil in central Illinois and the Gulf were steady to lower in a slow...

Organic Markets Lumber Along

Organic Markets Lumber Along

“The markets are sluggish”, is what Fastmarkets hears from merchandisers,...

22nd Century Group Exits Cannabis Space

22nd Century Group Exits Cannabis Space

22nd Century Group, the biotech company that entered the cannabis space in...

Glycerin Price Poised to Push Higher

Glycerin Price Poised to Push Higher

The market is anticipating higher glycerin prices moving into the end of 2023 and through the first quarter of...

Fat Market Retains Quiet Post-Holiday Tone

Fat Market Retains Quiet Post-Holiday Tone

*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will...

Negative Pressure Persists on MBM Markets

Negative Pressure Persists on MBM Markets

Trading was consistent today with yesterday's ranges, although there was trading done at lower prices on pet food grade...

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12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

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

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

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...

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