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CBOT September soybean meal closed at $299.80 per short ton on August 13, 2024, down 8.59% from $328 on August 1. Animal protein prices were mixed, with most items under pressure from the soymeal decline following the August WASDE report.
Soybean meal is a core protein input for feed formulators, so lower meal prices ease feed costs and weigh on the protein complex. The WASDE production upgrade drove the drop.
thejacobsen.comAlexandra WattsAug 13, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
