Porcine blood meal traded higher today out of the Mid-Atlantic and Indiana markets. Some sellers and buyers are getting anxious with values touching as high as $1200 FOB. The prior y three average ratio to soybean meal for the IA/MO/NE porcine blood meal market in February is 225 percent. That value would translate to $960 on today’s soybean meal market. With that stated, the range has varied from a high of 322 percent in 2017 to a low of 190 percent in 181 percent in 2018. Over the last ten years the porcine blood meal market has traded higher in February relative to January at a rate of 70 percent. Succinctly put, seasonality suggests higher prices in the near term and the historical relationship…
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...