12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
Trading was stead today with no changes in the protein market. Soybean meal moved lower again today, but at prices just over $388/ST, the current market should continue to see support in terms of relative protein value. Porcine blood meal is currently trading at a premium of $87.50 to ruminant material. The prior three year premium for November is just under $20, which suggests that there is risk for ruminant blood meal prices to move higher in the near term. Holiday…