Feather meal prices moved higher today, trading as high as $400 FOB Mid South. The entire animal protein complex has received a boost from the soybean meal market over the last several weeks. History suggests further upside risk in the near term. Over the last five years the price of feather meal FOB Mid-South has increased 3 times. Both fertilizer and range block demand is good and feather meal remains well valued versus soybean meal. At an average…
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...