The crush margin surged higher over the past week, climbing 16% on rising meal and oil values. Meal prices in the past two weeks have jumped from $274 per ton to $330. This is quite a move, especially after spending months with prices pinned between $260 and $277 per ton. Oil prices have slowed and may be consolidating, but were up 52 ticks over the past week, enough to erase the prior weeks’ loss. Soybean…
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...