Trading out of the Mo. River market consolidated with action seen $240 – 245 for 3 and 15 loads, respectively. Sources continue to report pressure from cheaper porcine material, but exports are offering some relief. Cattle kills, while stonger than last week are, still below 600k for the week. Next week and the subsequent weeks should bring bigger numbers ahead of the Memorial Day and July 4 holidays.
Figure 1.
…
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...