Trading was mostly steady today with sellers content to sell at flat prices. Mixed species MBM traded lower out of the Missouri River market today. Feathermeal was lower as well. Sellers continue to struggle with a lack of export demand and container shortages.
Broiler slaughter finished last week at an estimated 165.84 million head, up 6.3 percent from last year and up 0.9 percent from the week prior. Slaughter is forecast to average 164.78 million head per week over the next six weeks, up 0.7 percent from the prior six week average and up 3.5 percent from year prior levels. Slaughter is expected to…
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...