Mid South feathermeal prices have steadily increased since the week ending July 20th, 2020. As illustrated in Fig 1. below, the market overcorrected to the downside after averaging 116 percent of the price of nearby soybean meal in late April and through May of 2020. Production increases and COVID disruptions acted as a catalyst to the move lower. With values continuing to increase and soybean meal values under downward pressure, how much momentum is left in this bull run? While soy has contributed to the rally and may certainly be its undoing, tight nearby positions and the potential for short covering remain a risk for higher prices in the near term. Broiler slaughter is expected to averaged 2.4 percent below 2020 levels…
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...