Ruminant bloodmeal values moved lower yesterday, trading in a range of $900 – 1000. The limited production injects risk for higher prices in the near term, but some sellers have taken a conservative pricing approach in an effort to keep their place in rations. At present, the monthly average ruminant bloodmeal price for the Mo. River is $150 over the prior three year average. Using the parlance of the moment, sellers may be trying to flatten the…
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...