Meat and bone meal prices were higher today, topping out at $350 FOB. End users are paying up to secure coverage through the holiday break, but there have been instances of lower-priced material popping up due to difficulties with export logistics.
Feather meal values were higher today, driven by tighter production and ample demand from a broad spectrum of buyers, both for export and domestic sales. Soybean meal prices were higher again today, flirting with the $400 level but closing short of that at $396 on the December contract. With the Thanksgiving break next week,…
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...