Trading was very quiet to close out the week, typical for Friday and not surprising giving the uncertainty that in hanging over the southeastern US. There was some light MBM trading reported out of the Mo. River ruminant market, $280 – 290. Sources suggested that rumimant MBM may be moving into the SE as low as $285 delivered. Some sellers who are long rail cars are rumored to be cutting prices drastically in order to liquidate product.
Current forecasts are…
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...