The market was fairly quiet overall, but there was some lower trading seen in the PNW market, $245 – 265 for ruminant MBM. Porcine MBM was quiet to close out the week, but the Mo. River market has seen a $60 increase compared to last Friday. Some nearby tightness due to long positions into export and slower hog kills has given prices a boost. Today’s relative price to soybean meal is 94.7%, 2.4 points above the prior three year average and above the June relative…
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...