Trading was quiet in the protein market this afternoon with no changes reported. Cattle slaughter finished last week at a strong 665,000 head and is projected to fall to 647,000 head this week. The Jacobsen is forecasting the next six weeks to average 645,300 head per week, up 2 percent from the prior six-week average. The next six weeks are forecast at 6.6 percent over last year’s COVID interrupted schedule and 4 percent higher than the prior three-year average for the same…
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...