Ruminant MBM prices were mostly flat today on an FOB basis but did trade lower into the AL/GA and Eastern markets. Feathermeal prices were similarly flat with the exception of Mid-South trading, down $12.50 on an FOB basis. Sellers in some regions are struggling to hold price firm due to the downturn in soybean meal market. Reports of reformulations are increasing and with more of April falling in the nearby window, the risk of lower prices is expected to persist in the near term. The one…
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...