Trading was again quiet in the protein market today with no changes reported. The pre-break strength is still present in the feathermeal market with prices well valued versus soybean meal. The Mid South feathermeal market finished August at a relative price of 89 percent to nearby soybean meal, the lowest August relative price on record. Historically, the feathermeal market has traded lower in September relative to August in eight out of the last ten years. The average price move is – $18.33. The fundamentals suggest a…
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...