Animal proteins steady; CBOT soybean meal weekly price climbs 3.19%

Animal proteins steady; CBOT soybean meal weekly price climbs 3.19%

US animal protein prices were generally flat during the week to Friday September 27, due to a persistent quiet tone in the market, sources said.

The start of fourth-quarter contracts, paired with the International Longshoremen’s Association (ILA) looming port strike for more than half of the country’s goods, has kept several participants on the sidelines and focusing on logistical challenges.

Chicago Board of Trade (CBOT) front-month soybean meal futures averaged $328.82 per short ton in the week to Friday, up by 3.19% from the previous week’s average of $318.66 per short ton.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

Latest Tweets