Ruminant MBM prices moved higher today out of a number of markets. Trading into the AL/GA market was lower, with the bottom side dropping $10. The higher prices are indicative of buyers paying up for coverage into January, but sellers moving spot loads for next week in smaller volume have expressed difficulty in pushing prices higher.
Porcine MBM out of the Carolinas market was steady today. Soybean meal prices have come off over the last week, but the market remains well priced versus soy. The Carolinas porcine MBM market finished November at a relative price to soybean meal of 81 percent, four points under the prior…
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...