05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Market Activity
The market was very quiet to start the week. Porcine blood meal traded at $885 -935 FOB Midwest. There was some ruminant blood meal trading that came through from Friday, $900 FOB Mo. River and $880 – 900 FOB Panhandle.
Ruminant MBM prices were up just over $10 last week, while porcine trading was flat. Ruminant sellers were able to leverage the short week and tight supplies into higher prices. Heavy supplies on the porcine side kept the market from moving…