Some early offering prices are steady with last week while a few were lowered to realign closer to current market levels. Buyers continue to keep pressure on suppliers, bidding on smaller volumes than they normally would and some quite aggressive to the low side. The crux of the soft market for the moment is not enough demand exacerbated by buyers not wanting to over-commit on the hunch prices will continue to drop. Some suppliers are drawing…
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...