The protein markets were quiet to start the week and close out the month.
Hog slaughter finished last week at an estimated 2.66 million head, up 8 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.55 million head this week and to 2.78 million head on the week ending October 10th. Over the next six weeks, slaughter is forecast to average 2.3 percent above 2019 levels and 2 perecent above the prior six weeks. The additional production adds negative price pressure to the porcine bloodmeal and MBM markets. The low prices currently in play may be low…
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...