Trading in the protein market was very quiet today.
Protein prices were fairly static last week with the only change seen coming from the porcine MBM market. The weekly average was up $8 compared to the week prior and up $24 over the last two weeks. Strong export demand has tightened up the nearby supply and in turn, driven prices higher. Given the wide spread to ruminant it’s reasonable to expect that ruminant prices should increase in the near future, but…
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...