Market Activity
Trading in the protein market was limited to some clean up action out of the ruminant Mo. River market at $175. There were reports of some additional offerings for ruminant material, a sign that the market may see some pressure next week. Cattle kills did slow relative to last week with 623,000 head estimated through Saturday. YTD cattle slaughter is up 5.6% compared to…
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...