Trading was very quiet this afternoon with no action reported. Sources reported interest for low acid UCO in a number of markets, but the nearby market remains very tight. The nearby snugness is a common thread throughout a fat market that is seeing the landscape change. It will be May before we see March numbers from the EIA, but it wouldn’t be surprising to see some record highs for animal fat usage in the biodiesel industry. Tallow remains very quiet and sources…
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...