Organic soybean meal prices remain volatile and The Jacobsen is receiving a wide range of prices from exporters. Prices are quoted as low as $615 per metric ton FOB India and as high as $685 for the Q1 of 2020. There are also several prices in the middle closer to $640 per metric ton. With freight rates remaining as high at $120/$125 per metric to move organic soybean meal to the east coast, consumers should expect to see a wide range of prices depending on the location.
The spread of the pandemic in the US is helping to buoy organic milk sales at a solid pace. Grocery store sales have continued to trend upward, rising more than 9% in September, according to the US Commerce Department. Organic milk sales have slightly outpaced that level, rising 10% year over year in October and rising 11% year over year for the 8-months that incorporate the spread of the pandemic according to The…
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...