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Ruminant MBM prices fell again on December 11, trading at $190-300 per short ton FOB Missouri River and $180-200 per ton FOB Illinois for renderer-grade material. Deals as low as $150 per ton were heard but not confirmed.
Sources cited excess nearby mixed-species MBM supply.
Heavy supply of mixed-species MBM is pressuring the low end of the range, so feed buyers can source cheaper protein meal while sellers face weaker floors.
thejacobsen.comAlexandra WattsDec 11, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
