Proteins closed the week with a decent amount of activity. Ruminant MBM traded in light volume at $365 out of the River market, but good volume was seen out of porcine market at $370 – 378 FOB Mo. River. Rail cars of porcine MBM traded as high as $415 FOB Eastern IA/IL.
Ruminant blood meal jumped to $975 with four loads trading within the 30 day mark….
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...