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Trading prices this week were essentially unchanged from a week ago. Presently supply and demand are in good balance. However, feather meal prices are relatively inexpensive compared to soybean meal which might suggest the risk for prices longer-term could be higher as demand from the blended protein sector could increase as well as the export market.
The relative price to soybean meal futures for July slipped 7 percentage points from June to 86% and lower than last July’s 110%. That is the lowest they have been…
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...