There was limited price movement in the US animal protein market on Thursday November 7, with market participants reporting prices in line with Fastmarkets’ current assessed ranges.
Chicago Board of Trade (CBOT) soybean meal values remain under pressure, dropping to monthly average values not seen since 2020, when most markets experienced significant price devaluations.
The October monthly average for CBOT soybean meal was at $312.73 per short ton, down by $85.82 per ton year on year and by $32.80 per ton month on month.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...