The market was fairly active today, with a good amount of volume traded at $305 out of the Panhandle market. There was a spread of $305 – 335 this afternoon out of that market today. Mo. River trading was lower as well, $330. Sellers are no doubt feeling the pressure of lower bean meal values.
Porcine trading was done at $375 – 390 FOB Mo. River, with some sellers reporting pushback at the $370 mark.
The blood meal pendulum is swinging back up with…
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...