Please note – The Jacobsen will not publish an Animal Proteins bulletin on Monday in observance of the Presidents’ Day holiday. We will resume publication on Tuesday, February 16th.
Cattle slaughter finished the week at an estimated 611,000 head, down 6.4 percent from the week prior and hog slaughter is down an estimated 11,000 head from last week. Extreme cold is set to blanket much of the Midwest over the weekend and into Monday which could further disrupt production logistics. Soybean meal was off today, down $1.70 on the March contract and $1.40 on the May. At $427.20 and $427 respectively, both porcine and ruminant meat and bone meal are still well valued on a protein basis versus soybean meal. The combination of tighter production on the beef side and soybean meal above the $425 mark adds risk for price increases next week.
Figu…
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...