Poultry blood meal finished the month of October with a relative price of 175 percent to nearby soybean meal for the FOB South market. The 175 percent is five points over the prior three year average and the first time since May that the market had moved above the historical relationship to soybean meal. Strong ruminant and porcine blood meal markets pulled the poultry market higher and it’s reasonable to expect the current values to hold as supply is due to tighten with holiday interruptions. Historically, the market has…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...