Ruminant action out of the Mo. River market was lower today, $180 – 210. Sources have reported lower and higher protein material, that on a pure protein basis, would translate to sharply lower prices. Material continues to build despite the very low prices relative to soybean meal. The mid point of today’s Mo. River and Panhandle markets translates into a 59.5% ratio to nearby SBM.
Trading outside of the ruminant market was quiet toady, but sources continued…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
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Gulf prices average higher despite weeklong declines in SBO
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Bloodmeal largest price mover week on week; November cattle on feed higher
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