Ruminant MBM traded steady out of the Mo. River and Pahandle markets today and up $10 into the AL/GA market on the topside of the range. Sources have reported that there is some low protein material trading at a discount, but the 50 protein MBM is solid $305 average into the AL/GA market.
Nearby bloodmeal continues to be reported as tight, $925 – 1000 FOB Mo. River for ruminant material. Porcine trading was reported as high as $1025 FOB Midwest.
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...