The meat and dairy industries are weighing their options in light of the impact of coronavirus on consumption. News that Tyson Foods is offering premiums to cattle feeders, shows that price is elastic and consumers despite the onset of the economic contraction will likely be willing to pay more. This situation will likely continue as the beef industry tries to refill meat cases. It also appears that distributers that generally fill orders directly to restaurants
While…
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...