01.24.2025
Renderer BFT trades higher to close out the week
Renderer grade bleachable fancy tallow (BFT) traded up to 50 cents per lb Chicago on Friday January 24 in a five-car trade.
Prices into the Gulf were higher as well,...
Hedge Funds Add to Short Positions Driving Bean Meal Lower
Bean meal prices edged higher on Tuesday following a stronger than expected U.S. CPI release which showed that inflation had rebounded. Hedge fund traders have lined up on the short side, which could lead to a quick squeeze in prices. The technicals show that bean meal prices where oversold at the beginning of the week, and could foreshadow a correction.
U.S. CPI rebounded up 0.2% in…