Ruminant MBM prices were up today on tight, nearby supply. Demand continues with buyers looking for longer term commitments in the face of rising prices. Four US beef plants are currently idled with another three having reported COVID-19 cases. The current capacity of the idled plants is 9,500 head per day. With slaughter estimated at 99,000 head today, one can clearly see idled plants and reduced shifts are tightening supply. At current…
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...