Trading was quiet today and most of the conversations today centered on the extreme weather across much of the country. Rare snow events across much of the south have snarled logistics and production and most buyers and sellers are sorting out how to get previously traded goods from point A to B.
Cattle slaughter finished last week at 608,000 head, down 6.9 percent from the week prior. Weather last week slowed production and it’s forecasted to impact production this week as well. The cattle harvest is projected out at 630,000 head this week and at an…
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...