The animal protein market was again sideways today with no changes reported. Again, sellers continue to ask for higher prices but thus far the market has traded steady. Porcine bloodmeal seems to have found a near term bottom. The April average price to nearby soybean meal is 252 percent for the IA/MO/NE market, 26 points under the prior three year average. Historically, the relative price to soybean meal has increased in May as hog slaughter is seasonally tight. A…
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...