Soybean meal futures weigh on porcine MBM market

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Soybean meal futures weigh on porcine MBM market

Alexandra Watts | 07.23.2024

Please note that Chloe Krimmel will be out of the office through Wednesday July 24. In her absence, please contact Ryan Standard.

Ruminant blood meal traded higher on Tuesday July 23, up to a high of $1,055 FOB Missouri River. Porcine and poultry blood meal were reported steady with the previous ranges.

Ruminant meat and bone meal (MBM) was traded steady, with pure beef MBM indicated at the top end of the range and with one source saying that pure beef MBM...

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US soybean, spring wheat crop conditions steady; corn deteriorates

US soybean, spring wheat crop conditions steady; corn deteriorates

Most grain prices on the Chicago Mercantile Exchange fell on Tuesday July 23. The September wheat futures contract decreased...

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Wet blue demand stronger than demand for cured hides

Wet blue demand stronger than demand for cured hides

Wet blue sales are stronger than cured hide sales in the current market due to their lower cost to...

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US palm oil, olein cash prices close gap with tallow market

US palm oil, olein cash prices close gap with tallow market

Spot prices for US palm oil and palm olein were steady to slightly lower on Tuesday July 23, with...

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Crude glycerin prices steady or higher as biodiesel margins slip

Crude glycerin prices steady or higher as biodiesel margins slip

Marketers of crude glycerin were reporting prices that were steady or higher prices following reduced biodiesel margins in the...

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Tallow trades higher into US Gulf, closing price gap with Chicago market

Tallow trades higher into US Gulf, closing price gap with Chicago market

Tallow traded higher into the US Gulf market on Monday July 22, up to 51.0 cents per lb from...

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Hog slaughter forecast to trend higher into August

Hog slaughter forecast to trend higher into August

Please note - Chloe Krimmel will be out of the office through Wednesday July 24. In her absence, please...

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Central Illinois soybean crush margins hit six-month high

Central Illinois soybean crush margins hit six-month high

Chicago Mercantile Exchange grain prices rose across the board on Monday July 22.

The August soybean futures contract...

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Low hide supply supports narrow trading ranges

Low hide supply supports narrow trading ranges

The US hide market closed the trading day on Monday July 22 with little to no activity reported, but...

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07.25.2024

DGD financial outlook improves despite lower Q2 margins

DGD financial outlook improves despite lower Q2 margins

US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...

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07.25.2024

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.

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07.25.2024

Animal protein values flat; June poultry slaughter below traditional trends

Animal protein values flat; June poultry slaughter below traditional trends

US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.

US broiler slaughter
Fastmarkets' research team...

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