MBM prices moved higher for porcine and ruminant material today. Good demand from the blending sector and from pet food and export for porcine has helped give prices a boost.
The Mo. River ruminant MBM market is averaging $260 seven days into the June market. The relative price to soybean meal currently sits at 71.6%, which if it were to hold flat for the month of June, would be the lowest June relative price this millennium. June of 2004 had a relative…
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...