Bloodmeal prices moved lower out of the ruminant markets with a flat $1000 reported FOB Mo. River and Texas Panhandle. Porcine trading topped out at $1100 FOB Indiana and $1050 out of the River market. Prices have trended well above the three year average for May and June, up $294 and $209, respectively. Through April, prices had been valued well under the prior three year average as well as the 2016 and 2017 markets. The question now becomes, how low will the…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...