Trading was steady today with no changes reported. Blood meal prices are lower for ruminant material this week, but the monthly average is still at a level to finish higher than November. History suggests an upward trend is due in January. Over the last five years, ruminant blood meal has traded higher in January relative to December five times or at a rate of 100 percent. The average price move over the last ten years is an increase of $42.88 in January from December. With soybean meal prices…
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...