Trading in the tallow market was quiet this afternoon, but there was a report of both tech and packer offered out on a formula basis for May shipment. Sources are mixed on their opinion of market direction, but most seem to agree its unlikely that prices will move higher. Slaughter is well ahead of 2016’s pace, up 6.1% compared to a year ago. April slaughter is higher as well with the April 1 – 11 total coming in at 826,000 head for 2017, up from 757,000 head in…
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...