The market was mostly quiet today with few changes reported. Pet grade poultry by meal and chicken meal both are heavy in pockets, which is creating a wide spread in the market. Some sellers have held the market steady and are well sold on contracts into the pet food industry, but those looking to move extra spot material have been struggling to maintain steady values. Over the last five years, prices for pet grade poultry meal have increased 20 percent of the time relative to July and not once in September relative to August. The last time the price of PFG PBM increased in…
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...