MBM prices were mostly steady today purely due to a lack of activity. A number of producers are keeping production in house, thus limiting spot transactions. Porcine MBM is trading a multi-tiered market based on location and specifications. Sales into the pet food sector continue at a higher price than the feed buyers, but demand has started to fall at the high prices. Both species of MBM are at risk for lower prices once supply starts to loosen up as high relative prices to soybean meal push…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...