There was more action in the tallow market today with three cars of packer BFT traded at $0.2300 Chicago. A number of sources have reported that a few sellers are heavy on product and aren’t finding homes for material. Many were optimistic that the lower trading would start to stimulate some buying action. CWG was offered at $0.2300 Chicago. Tech tallow was offered at $0.2600 Chicago and was passed on without any counter bids submitted.
Outside 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...