Ruminant MBM prices moved lower today as demand at the high end of the range has eroded. Mixed species MBM is trading at the lower end of the range and there is risk for wide spreads in the near term with pure beef material consistent in the $300 – 320 range. Porcine MBM fell as well today, cheaper soybean meal and increased supply has weighed on the market.
Feathermeal prices were reported in a wider range out of the Mid South and $10 lower on the bottom end of the Carolinas market. Like most markets…
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...