Please Note – The Jacobsen will not publish an Animal Fats bulletin on Friday, January 1st. We will close trading at noon CT on Thursday, December 31st, and publish shortly after.
Trading was very quiet today with no changes reported. The Missouri River ruminant MBM market is on pace to close at the highest December price since 2014. In December 2014, the market averaged $423 and 115 percent of the price of nearby soybean meal while this year the market is set to average near 72 percent of the price of nearby soybean meal. Soybean meal prices were 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...
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...