Organic soybean meal prices remain buoyed. Prices in the mid-west continue to hover near the $850 level. Imports in Pennsylvania are closer to $850 while domestic meal crushed from domestic beans is trading near $900. Organic soybean meal is trading between $690 per metric ton and $730 per metric ton FOB India. The freight to Baltimore has put a significant bid under organic soybean meal prices. Prices at the port are now 880 per short ton customs cleared, and if you want transloading on to a truck, the price is closer to $930 per short ton. The price for imports in Baltimore continues to trend higher.
At current levels, imports that would move east to west would be valued near $960 per short ton in the mid-west for imports. This likely prohibits organic soybean…
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...