# US soybean meal futures continue to face pressure - The Jacobsen

> CME soybean meal futures have faced sustained downward pressure after reaching multi-year highs in early 2023. The October monthly average for CME meal was $317.38 per short ton, down $84.59 year on year.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27474-us-soybean-meal-futures-continue-to-face-pressure-the-jacobsen
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Persistent futures weakness reflects rising global stocks and harvest supply, keeping US meal prices under pressure for feed buyers.

## Read by commodity

- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/11/11/us-soybean-meal-futures-continue-to-face-pressure/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.