Meatmeal Exports Higher for August

Meatmeal Exports Higher for August

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.

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10.28.2020

Fats, Oils, & Fuels Webinar 10/27/20: Customer Q&A

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Malaysian Developments Drive Veg Oil Prices Sharply Higher

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Vegetable oil futures jumped sharply on Monday despite a 3 1/2 percent decline in West Texas Intermediate (ETI)...

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Grain Prices Reach Multi-Year Highs

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Weekly Recap 

Soybean futures rebounded from the prior week's decline, climbing three percent and closing at highs not...

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