The topside of the ruminant MBM market was lower today out of the Panhandle, topping out at $280 FOB. Good volume was done at $260 FOB Mo. River, but action was seen as high as $290. Ruminant trading was a flat $335 into the Eastern market. Porcine MBM continues to see support from tight supplies. The spread between Mo. River ruminant MBM and Mo. River porcine MBM is at $110 today.
The relative price of Mid South feathermeal for the month of May was 145.1%,…
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...