Organic Soybean Meal Prices Bifurcate

Organic Soybean Meal Prices Bifurcate

U.S. and European organic soybean meal prices are bifurcating. Merchandiser’s quoted Fastmarkets organic soybean meal prices near $1,730 per short ton FOB the crusher in the mid-West. This figure compares to prices closer to €1,150 per metric ton DAP in Germany and The Netherlands for Q2 and Q3. The difference is now approximately $550 per short ton.

A deluge of Chinese organic soybean meal has made its way to European shores, and according to sources, more is on the way. Chinese organic soybean meal generally has a lower protein content than Indian and U.S. organic soybean meal. Despite the difference in protein content, this scenario is not discouraging buyers. Unfortunately, shipping rates are not coming down yet, and any organic soybean meal quoted in China will still have to make the expensive trip over to the United States.

The U.S. Confirms Bird Flu in Indiana Turkey Farm

This story hit the tape on Monday. Reuters reported that the U.S. Department of…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

02.26.2024

Braya Begins Renewable Diesel Production in Newfoundland

Braya Begins Renewable Diesel Production in Newfoundland

Braya Renewable Fuels announced their facility in the city of Come By Chance, Newfoundland commenced commercial operations. Initial renewable dieseel production capacity is expected to reach 18,000 barrels...

02.26.2024

Hog Slaughter Forecast Lower Heading into April

Hog Slaughter Forecast Lower Heading into April

There were no confirmed trades in the market and bids and offers were quiet to start the week.
The USDA estimated hog slaughter for last week at 2.578 million...

02.26.2024

Cattle Slaughter Forecast Under 2023 into March

Cattle Slaughter Forecast Under 2023 into March

The markets were rangebound Monday on limited trade reports. 

For the week ending March 2, 2024, cattle slaughter is forecast at 600,000 head, 4.1 percent down from 2023...

Latest Tweets