Soybean Meal Market Pulling Animal Protein Prices Higher

Soybean Meal Market Pulling Animal Protein Prices Higher

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…

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01.21.2025

UCO, tallow prices continue to rise

UCO, tallow prices continue to rise

Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.

Bleachable fancy tallow (BFT) was quiet...

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Poultry by-product pet grade prices lower on winter weather effects

Poultry by-product pet grade prices lower on winter weather effects

Most US animal proteins traded in prices ranges on Tuesday January 21 that were steady from the preceding Friday.

Several market sources told Fastmarkets that limited trade volumes...

01.21.2025

Central Illinois soybean crush margins hit 8-month low

Central Illinois soybean crush margins hit 8-month low

In the week to Friday January 17, the soybean crush margin in Central Illinois decreased by 10.4% week on week and by 22.6% year on year, according to the...

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