Action in the protein market was mostly quiet today as the week winds down and a number of players in Iowa for the Pork Conference or in Wisconsin for the Central Region NRA meeting. Porcine MBM prices were suggested in a very wide range today, $265 – 400 FOB Midwest. Nearby availability has gotten tight for a few sellers with long positions into the export market, but there remains a few sellers holding and offering material in the lower half of the $300’s. With…
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...