With several participants traveling from or still in Nashville for the AFOA conference, light trade was reported for Thursday on the spot market. Most trades reported fell in between the previously set range with only a minimum adjustment on ruminant bloodmeal, TX. Panhandle.

Soybean meal prices have trended higher since October 12, after the USDA World Agricultural Supply and Demand Estimate (WASDE) was released at noon. There was a gain of 12.2 percent or $45.90/st from October 11 (day before WASDE release) to October 19. The gain has been contributed to diminished soybean crop yields for the upcoming harvest, bullish export demand, and historically tight U.S. stocks.

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