Trading was mostly steady today with buyers pushing for lower prices basis recent drops in the soybean meal price. Sellers are pushing for higher prices basis tighter holiday production ahead and most animal protein values priced well below the historical average to nearby soybean meal.
Feather meal traded higher out of the Delmarva market today, $400 – 410 FOB. Delmarva feather meal finished November at a relative price to soybean meal of 88 percent, 19 points under the prior three year average. The prior three year average for December is 110…
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...