A number of protein products traded higher today with both buyers and sellers coming out of the holiday break to sharply higher soybean meal prices. The March contract settled at $431.80 today, up $8.10 from yesterday’s settlement. Porcine MBM out of the Missouri River market finished December with a relative price to soybean meal of 79 percent. The prior three year average for January is 80 percent, which suggests a value of $345 today. Tight supplies coming off of the holiday and the potential for a continued run higher in soybean meal add…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...