Soybean meal futures slipped slightly lower today, closing at $300.50 for the October contract. If protein were protein, ruminant MBM prices should be around $315 this week, but heavy supplies and all veg diets continue to push the relative price to bean meal lower. At an average of $217.50 today’s relative price to SBM is at 72.4%, which is slightly better than the 70.6% relative price for the market for Jan – August. Prices typically move lower in September…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...