Ruminant meat and bone meal traded lower out of the Illinois renderer market and into the AL/GA market today. Sellers continue to cut prices to keep product moving after usage cuts from the feed sector. Feathermeal prices are under similar pressure after reformulations tied to high relative prices to soybean meal. The Carolinas market ended March at a relative price to soybean meal of 130 percent, 12 points over the prior three year average. April has historically been a month of 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...