Feathermeal prices were quiet today with little trading reported. Prices should see support at these levels given their relative value to soybean meal. Historically, feathermeal FOB Mid South has moved lower more often than not in June relative to May. Over the last five years, prices in June have increased relative to May 40 percent of the time. When referencing the last ten years, prices have increased 50 percent of the time. It’s reasonable to expect a quiet market heading into the holiday weekend and additional protein…
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...