Trading was done lower on ruminant MBM today with the top end of the Panhandle and Mo. River markets falling to a high of $210. Porcine trading was relatively steady and big volumes of product purchased for export is adding some stability to the market. Through the first half of June, porcine MBM has a relative price to nearby soybean meal of 77 percent, 8.5 points below the prior three year average. Heavy production in in 2019 pushed relative prices well below 2017 and 2018 levels. Strong export…
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...