Ruminant and porcine blood meal prices have traded sideways this week. The volatility in the soybean meal market has both buyers and sellers proceeding cautiously. Through nearly the first half of the month, ruminant blood meal out of the Missouri River market has averaged 242 percent of the price of nearby soybean meal, a touch above the prior three year and right in line with the prior five year average. Historically, prices have moved higher in March relative to February and the expectation for tighter production through the first…
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...