Ruminant MBM prices continued to climb today with Mo. River trading done at $335 – 348 and out of the Panhandle at $320 – 360 with a good amount of $355 trading with that range. Trading into the Eastern market was reported at a flat $415 while trading into the AL/GA market was done $415 – 420. Sources continue to report strong demand due to favorable ratios to soybean meal and supplies remain tight due to a weak slaughter.
Figure 1.
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...