Used cooking oil prices continue to move higher in the California market with higher numbers reported today. Trading outside of the California UCO market was quiet. Sellers are on the sidelines, watching the soybean oil prices continue to trade higher. Corn prices were higher today as well with the March contract settling at $5.65/bu. At 400 percent of the price of corn, fat has a value of 40 3/8 cents in feed rations.
Cattle slaughter finished last week at 655,000 head, down 1.6 percent from the week prior and up slightly from the same week last year. Slaughter is forecast to trend lower through March and into April.
Over the next six weeks the average weekly head count is 645,000, up 2 percent from the prior six week average…
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...