Trading into the Indonesia and China markets was sideways with last week’s report. There are reports that logistics are starting to resume into and out of China and with it demand. MBM values into Malaysia and Vietnam were sideways as well, US$470 CIF.
Protein prices out of and in the Australian market are unchanged. Production has slowed drastically with cattle slaughter falling to an estimated 59,133 head in the Eastern States. A number of…
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...