The market was very quiet this afternoon with no activity reported.
The weekly average for ruminant MBM fell $11 compared to the week prior. The eroding of the top end of the range and drastically lower panhandle prices were the main culprits of the lower, weekly average. The bulk of action last week was seen in the $240 – 250 range into feed. The reported range for both PH and MR were wide last week, as low as $210 PH and as high as $285 MR. Sources expect…
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...