Lower soybean meal prices and port congestion continue to weigh on the feathermeal market. Trading was reported in good volume between $450 – 500 FOB Mid-South today. Trading was lower out of the Carolinas market as well. The nearby soybean meal market is off 5 percent from March 1st and 14 percent from the high of $465 per ton on January 14th. Mid South feathermeal prices increased steadily since the start of the year, recently topping out at an average of $587.50 on March 3rd. The relative price to soybean meal on March 3rd was 140 percent, a fundamental signal for lower prices. Feathermeal prices are down 14 percent over the last week…
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...