It was a very quiet day in the market with no trading reported. Sellers are again asking for higher prices, still seeing favorable ratios to soybean meal. The supply story remains much of the same, tight cattle kills with strong hog numbers.
Trading continued at higher levels last week. Porcine MBM and feathermeal both moved past the 100% mark of SBM to sit at 104 and 105%, respectively. On porcine, the narrative of tighter supplies due to long…
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...