Over the last ten years, the Missouri River porcine MBM price in July have increased relative to June at a frequency of 90 percent. This year looks to buck the trend of higher prices, with the average through the first four weeks of the month down $12.39 relative to June. Prices in June were down $127.36 relative to May, a record drop from one month to the next. Historically, August has brought lower prices to the market with prices decreasing relative to July in 6 of the last 10 years. The average price move from July to August for the Mo. River market is ($16.96). Production has historically bottomed out in June and July and increased through the second half of the year. The seasonal low was pushed into the April and May time window this year due 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...