Demand from out of Africa and the Asian sub-continent have helped push export tallow prices as much as US$55 higher over the last week. Local prices are up for the November position as well. Sources reported that sellers are seeing material tighten up due to the lower kill numbers. Buyers had resisted the higher numbers, but the rising palm market and some short covering have combined to push the values higher.
The NZ market saw a mix of…
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...