It’s been a very slow August Monday. No trades to report on the animal protein front today.
Trading moved lower on porcine MBM with the weekly average falling $6 compared to the week prior. Sources commented that demand remains strong and supply tight due to big committals on export volume, but that buyers in the spot market were able to steer prices lower basis lower bean meal values. Ruminant MBM trading was mostly steady last…
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...