Ruminant and porcine MBM prices traded higher today. Holiday tightness and a well-valued market versus soybean meal has contributed to the upswing in price. Over the last five years, ruminant MBM has traded higher in September just once. Prices have averaged $17.13 lower in September relative to August over the last ten years. Cattle slaughter is forecast to tighten over the next six weeks and the late, Labor Day holiday may help keep prices buoyed for the first half of the month. Fundamentally, prices should continue to increase in the short term…
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...