Trading into China and Indo were consistent with last week’s numbers. Sources reported trading into both markets as high as $560. Sellers have commented that Indonesian demand for the pre-Ramadan period is rapidly drawing to a close and there may be another week, max, left before the window shuts. Sales into Indo were heavy in the $550 – 560 CIF range. Anticipation is for numbers closer to $500 CIF by the end of the month. Neighboring markets, i.e….
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...