Trading in the ruminant MBM market consolidated with the top side of the market falling to $310 out of the Mo. River and $305 out of the Texas Panhandle. Trading in the Eastern and AL/GA markets was lower and trading out of California moved higher, $280 – 300. Sellers have reported that buyers are winning the push for lower prices basis soybean meal values, but the downside has been limited by the long, holiday weekend.
The porcine market is seeing some…
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...