The MBM market into China was steady with sources reporting that activity was lessening by the day ahead of the CNY holiday. Indonesia was reported at a flat $450 CIF. Concerns over soybean production in South America and lower USDA projections have helped steer the CME March SBM contract up 11.5% over the last week. Buyers have taken note and have been more willing to pay the higher asking prices. US sellers are in a better position as well, which…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...