Poultry proteins remain in very good demand with feather meal, pet grade poultry by-product meal (PFG PBM) and chicken meal prices all trading higher this week. “I’d like to sell higher, I just haven’t got anything,” has been an oft heard quote this week. Limited raw material and holiday shutdowns have contributed to the tight nearby market. PFG PBM prices have historically traded higher in December and January. Over the last ten years, the Mid South market monthly average in December has been higher than November nine times, or 90 percent and January has finished higher than December at the same rate…
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...