Organic soybean meal prices have settled into a tight range as trading activity remains light. The relative value of organic soybean meal prices (The Jacobsen-Fastmarkets Midwest) has corrected to a slightly above-average spread relative to the CME soybean meal value.
It’s clear from the historical graph of organic soybean meal over CME that as the duty against India became a reality, prices surged but eventually declined as demand dipped, and African-sourced organic soybean meal replaced Indian organic soybean meal.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...