The market continues to drift mostly sideways this week with supply and demand offsets holding prices steady and volume slightly below normal. Slaughter this week and last is above average with last week being the highest for the year at 581,000 head. The next two weeks, however kills will be down to three and a half or four days for the Christmas and New Year’s holidays. Demand in general is a little down with buyers done purchasing for…
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...