The protein markets were fairly quiet today with the only big move seen in the feather meal markets. Meat and bone meal offers were out higher this afternoon, but trading was quiet in terms of volume. Prices still have room on the upside in terms of protein value relative to soybean meal. The Missouri River porcine MBM market finished February with a relative price to soybean meal of 91.7 percent, and through today the market for March is currently at 97.6 percent. Prices shouldn’t start to run into a ceiling until past the 108 percent mark on a protein basis. Shipping issues may pose a threat to higher…
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...