Trading in the protein markets was quiet this afternoon with no changes reported. Soybean meal prices were slightly lower today at the CME, opposite of the soybean oil market which has been a five-day tear higher. Early indications suggest the slightly softer soybean meal market will have offerings out steady this week.
Production is forecast to trend lower on porcine products. Slaughter was estimated at 2.625 million head last week, down 2 percent from last year and down 0.6 percent from the week prior. Slaughter is forecast to average 2.613 million head per week over the next six weeks, falling to a low of 2.525 million…
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...