Pricing moved lower on meat and bone meal (MBM) today as heavy supply continues to weigh on the market. Buyers are seeing plenty of offers in the market and have been able to leverage the competition amongst sellers into lower prices. Bloodmeal was mostly steady today although reports of or one or two truck trades for must-ship material at low prices continue. Buyers are certainly in control of the market and it…
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...