The top side of the ruminant MBM market moved higher today, trading as high as $330 FOB Mo. River and Texas Panhandle. The lower end of the market was steady at $250. Mixed species material has been reported in a range of $250 – 280 with some above and below, but most fixed in that range. Pure beef 50 pro packer material is trading in a range of $300 – 330 FOB.
Through the first half of the month, the ruminant MBM market into AL/GA has averaged 90 percent of the price of nearby soybean meal. The prior three-year average for December is 86 percent and with the January contract up…
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...
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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...