Packer BFT was offered out again at $0.3375 Chicago and unsold as was a formula offering for October. Sources have suggested that chemical demand is slowing a bit with the market temporarily askew thanks to the myriad of natural disasters affecting the US and Mexico. Sellers seem to be having better luck moving tallow into the bio industry, but given the supply and price of CWG, tallow values may have to come off in order to keep product moving.
CWG trading…
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...