Trading was up on the porcine MBM market, was high as $340 this afternoon in good volume out of the Mo. River market. Given the good ratio to SBM, it’s not surprising to see the week start with strength. Ruminant blood meal traded at $1550 FOB Mo. River.
The weekly average for ruminant MBM saw a $12 from the week prior as a very favorable relationship to soybean meal has caused feed mills and blenders to up their intake. Sources have reported strong…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...