Ruminant MBM prices moved higher today with increases reported in all but two markets. Porcine trading was done at higher levels as well. Soybean meal was down just shy of $2 today at the CME, but the $360 nearby price should do little put a cap on prices. Buyers may start to push back basis the anticipation of cheaper cash material coming into the market in November and December, but the nearby market appears to be steady.
Meat meal exports hit a 2020 high in August with 89,881 MT exported. Mexico was the largest importer taking in 19,586 MT; Vietnam imported 18,286 MT and China was the third largest buyer at 16,421 MT. Indonesia imported 16,421 MT in August.
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...