Prices were steady across the protein market today. Soybean meal futures settled nearly $10 higher from yesterday’s close at $330.40 for the October contract today. Tight MBM supplies in the Australian and New Zealand markets combined with the stronger soybean meal market should start to drive prices for US origin MBM higher in the near term. Indications out of New Zealand into Indonesia were just under US$500 CIF/MT today, which would be supportive of domestic US values in the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...