ANIMAL FATS COMMENTARY
Bill Dieterichs covered the markets today for Ryan Standard who will return Monday
The packer BFT FOB Chicago offering price from at least one producer was 29 cts. It did not trade, but a 6 car tech tallow trade did take place at 30 cts. Chicago within the 30 day window. Additional cars were sold outside the 30 day windowat the same price level.
No flat price CWG traded Friday in the Chicago…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...