Protein trading was mostly quiet today. The Eastern MBM market did move higher on trading done late Friday.
Cattle slaughter is projected to increase at the end of April after touching near term lows last week, and for the next two. Slaughter finished last week at an estimated 633,000 head, up 4 percent from last year and 1 percent from the week prior. This week and next are forecast out at 620,000 head….
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...