Ruminant MBM trading was reported lower out of the Panhandle market, $230 – 285 FOB Panhandle and $240 – 290 FOB Mo. River. Sources have suggested that the market is seeing a lot of pressure and that today’s weakness at the CME in bean meal further accelerated the buyer’s flight from the higher end of the range.
Porcine trading fell to a range of $300 – 330 FOB Mo. River and Eastern IA/IL. The Carolinas market was reported $340 – 375, steady with last week’s…
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...