Both porcine and ruminant MBM prices moved higher today with livestock and pet food buyers both showing strong demand for the nearby position. A run on pet food over the last couple of weeks, driven by some stockpiling tied to travel restrictions, is driving strong demand in the nearby window. Additionally, buyers in the livestock feed sector are building a pipeline in an effort to mitigate any potential supply disruptions that may…
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...