Meat and bone meal prices were steady for both ruminant and porcine material today. There is risk for higher prices basis a stronger soybean meal market and the renewal of trade with Indonesia. Strong production is likely to act as a counterbalance to the upward momentum and limit the upside of the market in the near term. Through today, the August average relative price for ruminant MBM out of the Texas Panhandle market is 50.6 percent. With soybean meal increasing over the last week it’s reasonable to expect some…
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...