Bone meal prices into Indonesia and China moved lower this week. Trading into Indonesia was sharply lower, $400 – 420 CIF with sales rapidly consolidating in the $400 – 410 range. Sellers in the US and AUS are seeing strong cattle kills meeting a sinking soybean meal market and have had to cut prices sharply to keep the extra material moving. Low protein/mixed species material has been indicated at sub-$300 CIF levels due to EU material infiltrating…
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...