A healthy amount of rain across the Eastern States and concerns about getting beef out of Australia have dramatically slowed cattle slaughter over the last few weeks. The MLA reported Eastern States production at 59,133 head, the lowest non-holiday weekly total in several years. A number of plants across Australia have slowed to three-day processing weeks and some lamb processors have shuttered plants outright. Young cattle prices are skyrocketing as…
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...