Bean meal prices are consolidating at lower levels. Soybean planting is lagging last year’s levels, according to government data, with rain thought to be delaying fieldwork. The USDA says 3% of this year’s bean crop had been planted as of April 9, just behind last year’s pace of 4% and less than analysts expected. But the USDA confirms planting in some southern states was ahead of schedule, with 59% of the Texas bean…
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...