Trading was very quiet this afternoon with no action confirmed. Sources reported interest for packer tallow around the $0.3150 mark, but supply seems to be very tight. Some have suggested that sellers are running behind on shipments and the little amount of material that may be available for late May shipment is being held onto tightly in hopes of pushing the market higher. Biodiesel buyers were reported as being on the sidelines today due to the big drop in the…
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...