The week has started slowly with a few offerings from steady to $1 higher and very limited bids coming in. Most of the buying is done for deliveries ahead of the Chinese New Year holiday beginning February 6, which could cool the rush to buy; however, producers’ positive forward-sold positions could offset and balance the market. There seems to be enough buyers buying each week, albeit in limited volumes, to hold the market in a…
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...