ANIMAL PROTEIN PRICES-INTERNATIONAL
******This article was written before the USDA supply-demand report was published. The report drove soybean and soybean meal prices higher on Chicago Mercantile Exchange by as much as 27 cts per bushel for soybeans and $12 pst or $13.5 PMT higher on soybean meal. These changes may or may not be reflected in next week’s trading ranges.
MBM prices are taking a licking as…
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...