Trading was quiet to start the week, typical for a Monday. Cattle slaughter continues to run at a strong rate with last week’s estimate revised to 629,000 head.
The skid in the porcine MBM stopped, or paused, last week with the weekly average finishing even with the prior week’s average. Sources reported that domestic demand was weak, but that strong international interest was helping stabilize the price. Ruminant MBM continued to slide, finishing the…
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...