Organic soybean meal prices are attempting to find a bottom. Prices are now offered at $850 in some areas of the U.S.. The market has not made a complete round trip but has not pushed below the $800 mark as it did in 2021, when vast volumes of organic soybean meal made their way into the U.S. from India.
2023 has seen a sea change in the countries supplying organic soybean meal to the U.S. Gone are the days when India dominated the landscape. As recently as the fourth quarter of 2021, most organic soybean meal that entered the U.S. came from either India or China.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...