After US steer hides dropping over $35, everyone on the supply side of the market is ready for it to stabilize; however, despite will and many efforts, the bear market continues. A few people this week are more optimistic, seeing positive signs from an increased number of bids—albeit most are low. The sentiment remains mixed and many struggling to work out problems with shipments are finding it hard to see any light at the end of the…
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...