Ruminant MBM traded in a wide range out of the Panhandle market this afternoon, $200 – 240 and $240 – 270 FOB Mo. River. Trading into the Eastern market was reported steady. Porcine MBM trading was seen in an equally wide range, $270 – 310 FOB Mo. River and Eastern IA/IL. Buyers reported seeing higher offers as sellers try to capitalize on higher bean meal prices. The CME March contract has jumped $36 or 11.5% since Thursday.
Feathermeal traded up $20 out of…
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...