There was a big drop in the Mid-South feathermeal market today with trading done in very good volume as low as $450 FOB. Higher soybean meal prices and more acutely, shipping difficulties backing supply up into the interior markets, pressured the markets over the last week and a half. Sellers were forced to take big discounts today in order to move product. The lower priced Mid-South market adds significant risk to the surrounding markets for lower prices in the near term.
Porcine bloodmeal prices are supported by tighter production this month. The average price to nearby soybean meal is up to 294 percent through the first 18 days of the month, an increase of 27 percentage points from February…
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...