Wheat Middling Values continue to move higher. Run-times have been solid, averaging about five days per week in Minneapolis, but demand out of the south-central states has been strong. Current demand has been holding supply at a “day to day” level, according market brokers. Prices out of Minnesota increased by five dollars per ton from last week. Kansas City and Wichita also are seeing a demand squeeze pushing values higher.
January through March are months where wheat midd prices generally tend to relax, but that is not the case this year. One merchandiser felt lack of DDGS supply may be a contributing factor in increased demand. Feed ration adjustments have been altered and wheat midd demand has accelerated. Current market pricing is far beyond normal for this time of year. Spot values approaching $175 per ton are $75 over pricing…
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...