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December soybean meal futures at CME are up $90/short ton since August 28, a 30% rise over about seven and a half weeks. Bovine meat and bone meal rose $20 CIF Indonesia while China trades steady around $530, and Australian MBM export values gained A$20 on strong demand.
Higher soymeal and meat-and-bone meal prices raise the cost of protein in feed rations, supporting animal protein prices globally.
thejacobsen.comRyan StandardOct 22, 2020Not 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.
