Animal protein prices continue to chase the soybean meal market higher. Trading was done at higher levels in a number of markets today and there are indications that some markets that some markets are being held in check purely from a lack of available, spot material. The big hog kills are keeping the porcine MBM market well supplied with material, but a soybean meal market above $370 combined with strong pet food and export demand is driving the overall complex higher. Through today the Missouri River market is averaging 80 percent of the price of nearby soybean…
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...