Ruminant MBM prices delivered into the AL/GA and Eastern markets jumped significantly yesterday. After a couple of relatively dormant weeks, prices caught up to the increases in the FOB Midwest market. At a high of $485, ruminant MBM has a relative price of 116 percent of the May soybean meal market at 106 percent of the price of SBM out of the Carolinas. The prior five-year average for Eastern MBM to nearby SBM is 106 percent, 10 points under the current market. Before the big growth in all-veg diets, the relative price routinely averaged well over 100 percent. The first quarters of 2012- 2016 averaged 110 percent, from 2017 – 2020 the average fell to 89 percent. Tight supplies have helped to push the market back…
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...