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Blog

Heavy Nearby Supply Pressures MBM Markets Lower

Alexandra Watts | 11.29.2023

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...

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

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

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

Organic Markets Lumber Along

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

22nd Century Group Exits Cannabis Space

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

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

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

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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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Heavy Nearby Supply Pressures MBM Markets Lower

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