ACLE: Day 1
Accounts of the first day of the ACLE vary somewhat, but most said attendance was relatively light with the organizer’s reporting the floor was steadily active most of the day. There are mixed reports on trade activity though US attendees largely indicated modest business is being done—which is not unusual for early-fair activity.
Several sources report steer hides remain difficult to move 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...