Ruminant MBM traded higher out of the Missouri River market this afternoon, up to range of $300 – 370. Sellers of both mixed species and pure beef material were out with higher top-end offers which have thus far gone unsold. The strength in the soybean meal market is driving the higher offers, but buyers have been resistant to price increases. For April, the Missouri River ruminant MBM market is averaging 81 percent of the price of nearby soybean meal (SBM). The prior three-year average for April is 79 percent. Looking at today’s market, the average falls slightly to 79 percent. The prior three-year average for May is 76 percent. Succinctly put, meat and bone meal…
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...