US animal protein prices were flat on Thursday August 15. Most participants said lower prices for Chicago Board of Trade (CBOT) soybean meal continue to pressure animal feed-related products, though limited volume left prices stagnant for the day.
Ruminant bloodmeal relative to soybean meal
Ruminant bloodmeal (BM) prices relative to the CBOT soybean meal futures were lofty at the start of 2024. The comparative value moved more in-line with traditional levels for the month of May and June, but adjusted higher into July as soybean meal prices dropped and BM remained lofty.
For the week to August 9, ruminant bloodmeal, fob Missouri River was $1,025 per short ton, 318% relative to CBOT soybean meal of $322.60 per ton. This is generally in-line with the three-year average of 309% for the month of August.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
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US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
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The...
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US animal protein November price average higher month on month
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November...