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Demand was steady at the start of the week and then seemed to improve later in the week, but not enough to influence prices higher. Export interest appears to be at a steady pace. Low ruminant meat and bone meal prices are likely limiting upside price potential and that is apt to continue for a couple more weeks.
The relative price to soybean meal futures in the River Market for July was 70.6%, down from June’s 75.8%, but above last July’s 66.2%. For the last two months, the relative price has been below the 3-year average but above last year. The relative price in August and September tends to increase from July, but…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...