The protein market was very quiet this afternoon with no trading reported. Sources mostly commented on today’s solar eclipse with a few mentioning buyers starting to push back due to lower bean meal prices.
Porcine MBM was up $1 compared to the prior week’s average. Sources continue to report a strong market and with big volumes rumored to be headed to Mexico, the local market is still seeing tightness. Ruminant MBM traded $4 lower than the prior…
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...