Ruminant and porcine meat and bone meal prices moved lower today. Continued increases in production is adding downward pressure to the market. Material that can be exported is trading at a premium to the printed range.
Feathermeal prices have moved lower this week despite a favorable relative price to soybean meal. The relative price to soybean meal out of the Midsouth market for May is 116%, 12 points under the prior three year average. Today’s average price of $300 equates to 105% of the price of nearby soybean meal or 27 points under 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...