Organic soybean meal trading activity appears slow, but this has not stopped the steady flow of imports entering the United States. While we believe prices are closer to the bottom than the top, we can see prices staying near current levels for some time. We do not anticipate a significant uptick in demand, and “higher for longer” interest rates keep liquidity out of the discretionary market.
The wildcard remains the SOE, generating a supply chain disruption, which could generate temporary price volatility, but weather always has the potential to upset markets as planting season arrives.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...