Twelve cars of packer BFT traded up sharply today. Tight nearby availability tied to production issues and higher ffa levels limiting supply of max 4 BFT is meeting some short positions, driving prices sharply higher over the last couple of weeks. Renderer BFT was bid higher today as well for up to ten cars with sellers not willing to sell as of press time.
Hog slaughter finished last week at an estimated 2.5 million head, up 8 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.6 million head this week and to 2.7 million head on the week ending September 19th. Production over the next six weeks is forecast at an average of 2.59 million head, up 4 percent compared to llast year and 5 percent higher than the prior six week average.
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...