04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Feather meal prices traded higher again today. A favorable price to soybean meal and tigher supplies are contributing to the continued run higher in the market.
Ruminant meat and bone meal prices FOB Missouri River finished November up 14.5 percent from October with prices boosted by the surging soybean meal market. The November monthly average price for MBM out of the Missouri River was the highest since 2014. While the price was the highest in six years, the relative price to soybean meal of 67 percent was in line with the prior five-year average of 69 percent (the relative price in 2014 was 97…