Trading in the MBM markets was reported steady again today out of the Mo. River and Panhandle markets for ruminant and Mo. River for porcine. Sources continue to report ample supplies of low protein material in the market, but thus far this hasn’t had an effect on the 50 pro pure beef market.
Feathermeal was reported at $435 FOB Minnesota today and at $450 Mid South. Prices out of the Delmarva market consolidated to $390 – 410. Sources have commented that…
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...