Porcine MBM and BM Lower; IE MM June Exports Reach Three-Year Low

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Porcine MBM and BM Lower; IE MM June Exports Reach Three-Year Low

Alexandra Watts | 08.08.2023

The values on animal proteins for Tuesday were mixed with pressure and wider ranges indicated on porcine related items and some regions of poultry-by items. This past weekend, hog slaughter levels were diminished with some facilities utilizing a floating holiday, either on Friday or Monday.

Porcine meat and bonemeal, Mo. River was reported as low as $400/st, while the top end was communicated as high as $530/st. There was no confirmation at the ends of the ranges at press time, leading to a...

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Spring Wheat Harvest Underway

Spring Wheat Harvest Underway

Nearby CME grain prices were mixed today. Corn decreased by $0.0700, settling at $4.97/bu. Additionally, soybeans increased...

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Hide Buyers Resistant to Further Price Increases

Hide Buyers Resistant to Further Price Increases

Buyers have been quiet this week with the exception of automotive tanners that are looking for heavy native steers...

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SBO Futures Move Off Early Losses, Palm Oil Prices Drop

SBO Futures Move Off Early Losses, Palm Oil Prices Drop

Palm oil and soybean oil futures extended lower on Tuesday, weighed down by early losses in crude oil prices...

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Brazil Organic Soybean Exports to the U.S. Incline From Last Year

Brazil Organic Soybean Exports to the U.S. Incline From Last Year

Brazil has stepped up organic soybean exports to the U.S. considerably this...

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Scottish Fish Farmers Trial Hempseed-based Feeds

Scottish Fish Farmers Trial Hempseed-based Feeds

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EIA: 50% of 2016-2022 Subsidies Went to Renewable Producers

EIA: 50% of 2016-2022 Subsidies Went to Renewable Producers

*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact...

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Cattle Slaughter Hits 2023 Non-Holiday Low

Cattle Slaughter Hits 2023 Non-Holiday Low

Trading was mostly quiet today. There were indications of offers out higher, but with the drop on the CBOT...

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Hog Slaughter into September Forecast In-Line With 2022

Hog Slaughter into September Forecast In-Line With 2022

A quiet tone was indicated at the start of the week for animal proteins, typical for Monday. 

For...

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