Margins held steady over the past week but the value received from meal and oil sales did not. Meal prices declined $6.40 per ton in Central IL, slipping to $272 per ton as of March 17th. Oil prices jumped in the opposite direction, shooting 6% higher to 31.78 cents per pound. The value received from oil and meal sales, per bushel of soybeans crushed, moved 6 cents higher to $9.99, while the cost for soybeans…
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...