Feathermeal (FM) prices traded lower again this week as sellers continue to cut prices in an effort to move volume. Soybean meal (SBM) continues to trade higher at the CME, which is improving the value of feathermeal in rations. Sources have suggested that much of the downward pressure in the market is a result of shipping difficulties tied to container shortages, especially in the Eastern parts of the US in recent weeks. Despite the strong SBM market it’s reasonable to expect prices to continue to trade…
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...