Organic soybean prices are hovering near $610 FOB India, up slightly over the last two weeks. The harvest in India is expected to be robust, which generally weighs on prices this time of year. Organic soybean meal prices remain steady, with prices experiencing wide ranges throughout the mid-west. Prices are as low as $760 picked up at the crush in Indiana and as high as $820 per short ton in Minnesota. With few old crop beans being crushed, since there are no old crop beans around, meal prices are a function of Indian beans and Indian bean meal.
What appears to be keeping prices relatively elevated is transport. Transport from Nhava Sheva remains near the $100 per metric ton level, making it difficult for prices to dip. Organic soybean meal prices are hovering near the $595-600 level FOB India, but with $100 of transportation, it puts them…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.