# Animal proteins steady; CBOT soybean meal weekly price climbs 3.19% - The Jacobsen

> US animal protein prices were generally flat in the week to September 27 amid a quiet market. CBOT front-month soybean meal futures averaged $328.82 per short ton, up 3.19% from the prior week.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28382-animal-proteins-steady-cbot-soybean-meal-weekly-price-climbs-3-19-the-jacobsen
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Quiet animal protein demand offers little support for feed demand, while the weekly gain in soybean meal futures lifts feed input costs. Port labor concerns add logistical uncertainty.

## Read by commodity

- SBM: bullish ▲
- HOGS: neutral
- CHICKEN: neutral
- LCATTLE: neutral

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/09/27/animal-proteins-steady-cbot-soybean-meal-weekly-price-climbs-3-19/

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