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...
Pressure on most ruminant and porcine items was communicated for the day, which has been an ongoing tone for about a month. Pricing levels, however, did show an adjustment for the first week of October. The combination of a drop in soybean meal as well as the expectations of a new crop have increased pressure on feed items.
A low of $400/st was reported in the Mo. River region for porcine meat and bonemeal, though the bulk of trade could not be confirmed at those values as of press time. A new range of $420-470/st on most trade was indicated. Indiana porcine bloodmeal was reported in limited quantities at $1100/st, though the bulk of trade was at a lower range of $950-1000/st. Porcine bloodmeal was flat for the day.
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