Trading was quiet to start the week. Sellers are out offering steady money on a few products, but interest from the buy side was non-existent today.
Prices continued to fall in the protein market as more material builds up and sellers continue to compete for customers. Porcine MBM finished the week at an average of $232, down $59 over the last three weeks. The ruminant market average was $206, down $34 from three weeks ago. The current ratio to soybean meal…
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...