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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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
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11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
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