Ruminant MBM prices moved higher into the AL/GA and Eastern markets today. Pure beef 50 pro packer material is trading as high as $385 delivered into the Eastern market. Tight protein supplies in the region are contributing to the higher prices, but the wide spread between the average Midwestern values and the prices delivered into the East adds risk for lower prices after the holiday break.
Pet grade poultry by product meal traded higher out of the Southeast today. Demand remains very strong and spot availability is tight. Sellers of poultry proteins are seeing tight raw material supplies and big demand from the pet food sector. Broiler…
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...