Porcine blood meal prices moved lower this week. A wide spread between porcine and ruminant blood meal is likely driving the downward pressure in the porcine market. The IA/MO/NE porcine blood meal is currently trading at a $100 premium to the Mo. River ruminant blood meal. The prior three year average premium for porcine to ruminant is $32 per ton for March and $26 per ton for April. It’s reasonable to expect additional negative price pressure on the porcine…
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...