Trading was quiet coming off of the long holiday weekend. The May soybean meal contract fell to $406.30 today, further eroding last Wednesday’s gains.
Hog slaughter finished last week at an estimated 2.46 million head, down 3 percent from the week prior. The slaughter is forecast to trend lower over the next six weeks, projected at an average of 2.48 million head per week, down 2.4 percent fom the prior six week average. The average of 2.48 million head represents a decrease relative to late February and early…
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...