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 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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