Trading was flat in the MBM markets today with no changes reported. Offers were out higher by as much as $15 on the topside, but thus far trading has been sideways. The current spread between porcine and ruminant MBM is $40, $6.50 over the prior three year average for August and $9 over the prior three year average for September. The wide spread and higher soybean meal prices are suggestive of higher ruminant MBM prices in the near term. A forecast of lower cattle…
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...