The reduction in bean stocks in this morning’s WASDE has the Board excited and showing a lot of green. As of noon CT, nearby bean meal prices are up $16 from Tuesday’s close of $336. There was some light trading for MBM done out of the Mo. River market at $315 today, but the market was otherwise quiet. Sellers seem to have most, if not all, of this week’s material sold.
Porcine trading was down today, $1550 – 1575 Mo. River.
Figure 1.
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
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Packer BFT ticks upward; most animal fats and oil markets close the week higher
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Outside of this trade, the US animal...
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Limited trade keeps US animal protein prices flat week on week
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