The market was very quiet today in terms of trading with snow and cold temps locking up much of the trade. Winter storms through much of the south has shut plants down, stressed the power grid and frozen trucks and railcars in place. Another round of snow is expected to keep the gridlock in place through at least tomorrow, with more snow expected today and overnight in parts of the US that don’t have fleets of snowplows and stockpiles of salt on the ready.
Hog slaughter was estimated at 2.65 million head last week, down slightly from the week prior and up 2.5 percent from last year. Production is forecast to drop to 2.55 million head…
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...