Porcine MBM traded higher today, continuing the bullish run. Substantial pet food and export demand have contributed to tighter spot availability, pushing numbers above the $400 FOB mark out of a number of locations. Sellers are seeing export prices near $500 FOB, well supported by the soybean meal market. Historically, January has been one of the worst performing months in terms of price increases relative to the month prior. Over the last five years, prices have increased just once. In February values have increased four of five years relative to January. The one instance of…
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...