Two cars of tech tallow traded late yesterday at $0.2900 Chicago. Both tallow buyers and sellers were on the sidelines this afternoon. July seems to be well sold and well bought at the moment and sources are quiet about early August positions. The cattle kill continues to come in at low numbers with 106,000 head processed yesterday and 112,000 today. The YTD kills are just shy of 7% behind 2014, which as seen in Figure 1 below, was well below the prior five-year…
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...