It’s widely expected that producers will try to press the US steer market higher again this week and a couple early offerings reflect this belief with higher asking prices. There is a mixed bag of opinions on how much volume is supporting the higher levels and whether the recent pricing can be sustained after the leather fair in Hong Kong. Some people think it may be possible for steer prices to edge possibly $1 higher this week, but it is…
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...