Hide market activity remains slow with most offers close and a few slightly higher than last week’s levels, with confirmed prices unchanged. Despite the recent firming of prices and multiple reports the market has found its footing, many of the bids this week are $1 or $2 below previous levels. By most accounts, interest lags this point last week although several suppliers report bids are coming from a broader base of countries.
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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...