Negative Pressure Persists on MBM Markets

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Negative Pressure Persists on MBM Markets

Alexandra Watts | 11.28.2023

Trading was consistent today with yesterday's ranges, although there was trading done at lower prices on pet food grade poultry by product meal. Sources indicated that negative pressure remains on the meat and bone meal (MBM) markets and there was a trade reported as low as $200 today for ruminant material. However, the bulk of reports were consistent with yes...

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Winter Wheat Emerged at 91 Percent, Favorable Conditions Follow

Winter Wheat Emerged at 91 Percent, Favorable Conditions Follow

Trading for corn gluten products was relatively steady today. Sources reported one trade on CIF NOLA for...

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Packers Push to Move Hides Ahead of Lunar New Year Holiday

Packers Push to Move Hides Ahead of Lunar New Year Holiday

US packers were active in the market today. Heavy native steers traded at steady prices whereas regular weight butt branded...

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Spot Palm, Coconut Oil Prices Firm to Higher

Spot Palm, Coconut Oil Prices Firm to Higher

Physical palm oil prices were firm to slightly higher on Tuesday, tracking another session of marginal gains in palm...

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Mixed Reports on 2023 Organic Corn Crop

Mixed Reports on 2023 Organic Corn Crop

End users continue to limit their inventories of organic feed grains in...

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Texas Researcher Embarks on Long-term Hemp Feed Trials

Texas Researcher Embarks on Long-term Hemp Feed Trials

The National Institute of Food and Agriculture (NIFA) -- part of the...

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Appeals Court Strikes Down EPA’s Denial of SREs

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On...

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Cattle Slaughter Forecast Lower to Close out 2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and...

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Hog Slaughter Forecasted Above 2022 Into December

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade....

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