Organic soybean meal prices are playing catch-up football. Merchandisers are telling the Jacobsen that organic soybean meal prices are currently trading near $750 per shore ton (customers cleared) near Baltimore. Prices are now quoted at $680 per metric ton FOB India. The surge has been driven by supply more than demand which seems stable despite organic animal protein demand at supermarkets.
Organic soybean prices remain elevated in the mid-west but prices are beginning to percolate higher on the east coast. Merchandisers are telling the Jacobsen that domestic organic soybean prices are trading near $22 delivered into the east coast. Prices in Quebec have recently traded at $711 US dollars per metric ton or $19.35 per bushel according to merchandisers. Organic soybean prices in the mid-west are trading close to $20 delivered and…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...