Markets

US Cash Soymeal-Demand light but most offers unchanged

Published Updated

Most livestock and poultry producers had already booked their orders to supply them through May and there was little call for spot loads, an Indiana dealer said.

Some upcoming maintenance shutdowns were keeping a floor under basis levels in some areas despite the light demand.

A processor in Mankato, Minnesota, was scheduled to shut down for five days beginning May 16, a Minnesota broker said.

Although the basis was mostly steady, offers fell by $4 per ton in the Kansas City truck market.

 

Copyright Reuters, 2017