MBM traded higher into the Eastern market today, up $5 from last week. The spread of MBM into the Eastern market versus the Mid South and Delmarva feed grade poultry by meal market has grown to $57.50. The prior three year average is a $35.80 premium for MBM to the Mid South market and $15.33 premium for MBM versus the Delmarva market. Given the surging meat and bone meal markets, both ruminant and porcine, and the widening spread to alternative products, there is…
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...