Trading was steady across the protein market today with no changes reported. Bloodmeal prices have been seen some increases this week, but strong supply has continued to limit the upside of the market. There has been an increase in demand from some producers, but despite milk futures remaining above $20 there hasn’t been a big uptick in demand. June milk cows and production figures have not been released yet, but through May figures were fairly consistent. It may be that production in June and possible cow numbers were down, which could add…
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...