Ruminant MBM prices fell to a low of $300 today FOB Missouri River and Texas Panhandle. Heavy supplies of mixed species material are pressuring the bottom end of the market. One would expect trading at $300 to pull the top end of the range lower, but demand for pure beef material remains strong. Feeding operations raising halal eligible poultry have been willing to pay the premium for pure beef material. Growth in that feed sector has increased the range between the low and high market…
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...