Broiler slaughter is forecast at 169.2 million head this week before reaching a projected peak, next week, at 171.7 million head. Over the next six weeks broiler slaughter is forecast to decrease, averaging 164.4 million head per week, down 3.9 percent from 2019 levels and down 0.7 percent from the prior six week average. The slower production, buying ahead of the holiday break and higher soybean meal prices help to explain the…
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...