Porcine MBM FOB Missouri River is trading at a premium of $55 to the ruminant MBM FOB Missouri River market. The prior three year average for January is $35.45, or $19.55 under the current price spread. The big difference in price suggests that ruminant MBM prices are due for a correction higher in the near term. On a pure protein basis, comparing the top end of the range porcine is trading at $7.50 per unit while ruminant is trading at $7 per unit. Those 50 cents spread across a feeding program, with flexibility between 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...