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Demand has not sufficiently improved and sellers have held prices steady to last week. Milk prices continue to be strong which normally would be bullish for blood meal prices. However, end-users appear to still have adequate inventory on hand, particularly in the West. There seems to be more interest starting to surface but has not yet been followed up with new orders. It is reasonable to think that the risk is higher for prices during the next…
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...