US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities on the East Coast have not been as disrupted as previously expected, market sources told Fastmarkets.
There have been distressed trades in the Carolinas for meat and bonemeal, but the loss to export trades is only around two weeks. Hurricane Helene affected the logistical side of the Southeast significantly due to roads destroyed by flood waters.
Hurricane Helene affect on livestock still unknown
Even though the precise number of animal deaths is still being assessed, it has been estimated by government officials that millions of livestock animals perished this past weekend due to Hurricane Helene.
Georgia Governor Brian Kemp said he expects billions of dollars in damages to the agriculture sector in Georgia alone.
…
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...