Animal protein prices moved higher today on continued strong demand and favorable pricing relative to soybean meal. Demand from the pet food sector remains very strong and prices have moved higher for the pet grade poultry by-product meal and chicken meal.
Hog slaughter finished last week at an estimated 2.7 million head, up 8 percent from a year ago levels and down 5 percent from the week prior. The hog harvest is forecast to trend lower over the next six weeks, projected at 2.625 million head this week and down to 2.55 million head on the week ending February 27th….
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...