Ruminant MBM traded higher into the Eastern markets and out of the Dal/Hou market today and late yesterday. Demand remains strong, and ruminant MBM is well valued versus the alternatives.
Blood meal prices remain strong but are starting to run into some top side resistance. Historically, prices have increased more often in November and December than not, at a frequency of 60 percent over the last three years for ruminant MBM out of the Mo. River market. Holiday production interruptions are the likely driver of the higher prices and while 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...