Trading was stead today with no changes in the protein market. Soybean meal moved lower again today, but at prices just over $388/ST, the current market should continue to see support in terms of relative protein value. Porcine blood meal is currently trading at a premium of $87.50 to ruminant material. The prior three year premium for November is just under $20, which suggests that there is risk for ruminant blood meal prices to move higher in the near term. Holiday…
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...