Trading in the protein market was quiet today to close out the week.
Inedible meatmeal exports were estimated at 77,477 metric tons for February. Exports were down 2 percent from January and up 38 percent from a year ago. Indonesia was again the largest importer of US material, importing 18,716 MT in February. China followed with 16,277 MT and Mexico was the third largest at 14,840 MT.
Figure 1.
Click here to learn more and sign up for a free 7-day trial!
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...