Bloodmeal prices have come under downward pressure this week on increased supply and reformulations from some of the demand sectors. Hog slaughter has increased this week by 21 percent or 255,000 head. Porcine appears to be particularly vulnerable to risk for lower prices in the near term due to the increased production. Porcine MBM is at risk for lower prices as well. Established relationships and steady supply streams have netted values north of $350 this…
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...