Both porcine and ruminant MBM markets were steady this week with few changes reported. Sellers had asked for higher prices earlier in the week, but were content with steady money in the face of the growing uncertainty in the macroenvironment. As has been stated this week, pets and livestock are going to continue to eat and buyers may be starting to build inventories to ensure availability through any logistical slow or shutdowns. Anyone taking a walk through…
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...