Porcine MBM traded in good volume as high as $370 FOB Mo. River this afternoon. IL renderer ruminant MBM traded up $30 at $300 late Friday. Trading elsewhere was quiet with many sources calling the market a ”typical Monday.”
Animal proteins saw another week of price gains last week, as buyers continue to take advantage of favorable price ratios. Ruminant MBM had the first back-to-back week gains since the weeks ending March 27th and April 3
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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...