Trading for ruminant MBM fell to a low of $235 in the California market today.
Cattle slaughter finished last week at 658,000 head, up 3.5% from the same week last year. Cattle slaughter for the year is running 3.1% ahead of 2017’s pace. The slaughter forecast for the next three weeks is expected to be at multi-year highs ahead of the July 4th holiday, averaging 681,300 head before falling to an estimated 579,200 for the holiday shortened week….
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...