Ruminant meat and bone meal prices moved lower into the Eastern market today. Increased production has placed pressure on the entire protein complex as a whole with feathermeal, meat and bone meal and bloodmeal prices all moving lower this week. Hog slaughter has averaged over 400,000 head per day today and yesterday, a sign that the market is getting closer to historical norms in terms of production. The, in places, unexpected and rapid upswing in production is weighing on the market. With soybean meal at $280 – 285 for the nearby contract, 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...