Animal Proteins

Animal Proteins

Trading was fairly quiet today for both ruminant and porcine MBM. Both buyers and sellers were reporting a steady range. Strong export volume may be putting a floor in the market with big porcine volumes booked in June. Historically, prices in July have been stronger in the ruminant MBM market. Over the last five years, prices in July have increased relative to June 80 percent of the time. Slower cattle slaughter has been a big contributor to the move higher and this year the production is expected to increase relative to June which makes it reasonable to…

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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

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

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...

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