09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop
The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
Organic soybean meal prices have found some support above the $800 per short ton level, with organic soybean prices for new crops in the low $20s. Lower prices and changes to the landscape of importers have significantly created a liquidity gap. While offers for organic soybean meal continue to hover in the mid-800s for both imported and domestic organic soybean meal, there is little activity for the fourth quarter.
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