Trading was quiet to close out the week with no trading reported. Bloodmeal prices were indicated higher for next week, but no offers or bids were officially out today. MBM prices were also indicated higher for next week but again, there were no firm bids or offers in the market. October soybean meal prices are up 7 percent over the last week, which is supportive of higher prices in the near term. The prior three year average for ruminant MBM FOB Missouri River to nearby soybean meal for September is 77 percent, which implies a market value of $240.50 when applied to today’s soybean meal price. Applying the prior three-month (June – Aug) average relative price of 59 percent to today’s soybean meal price implies a value of $184.
Figure 1.
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...