Ruminant meat and bone meal (MBM) traded higher out of the Texas Panhandle market this afternoon. Sellers are starting to see more interest in the mixed species material. The July soybean meal (SBM) contract settled at $414.70/ST today and is up 3.8 percent over the last five trading sessions. Ruminant MBM remains well valued versus soybean meal and buyers may be upping their inclusions for May at these lower prices. Through today, the April market is averaging…
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...