# Strong Soybean Meal Market Supports Higher Animal Protein Prices - The Jacobsen

> 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.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50710-strong-soybean-meal-market-supports-higher-animal-protein-prices-the-jacobsen
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Higher soymeal and meat-and-bone meal prices raise the cost of protein in feed rations, supporting animal protein prices globally.

## Read by commodity

- MBM: bullish ▲
- SBM: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2020/10/22/strong-soybean-meal-market-supports-higher-animal-protein-prices/

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