09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
Please note – Chloe Krimmel is out of the office until Monday, September 25th. In his absence, please contact Ryan Standard.
Trading was very quiet to close out the week. MBM was indicated as steady with no changes reported.
For the week, ruminant MBM was down 0.7 percent from the prior week’s average. Porcine MBM and feathermeal prices were sideways. Bloodmeal prices continued to slide with ruminant down 4.8 percent out of the Mo. River market and porcine down 2.5 percent. Nearby soybean meal was down 1.8 percent from last week’s average.
Figure 1.
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