Ruminant MBM prices moved higher into the AL/GA and Eastern markets today. Porcine trading was higher out of the Missouri River and Eastern IA/IL markets. Strong supply has kept prices somewhat anchored this week, but buyers have been willing to pay up to ensure material delivery through the holiday break. Soybean meal prices closed today down slightly, but at prices just shy of $395 ton, MBM should continue to see plenty of support as a protein ingredient. Australian and New Zealand exporters are moving material throughout…
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...