The protein market was quiet to close the week. The market remains well supported by the strong soybean meal market. The December contract closed up $4 today, settling at $386.40. The prior three-year average relative price for ruminant MBM FOB Missouri River is 68 percent for October, which would translate to a price of $261.21 FOB or $26 over the current market price. The low relative price to soybean meal and strong demand environment are suggestive of further price increases in the near term.
Figure 1.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...