Twenty cars each of packer and technical tallow traded into the Gulf today at $0.2450 and $0.3250, respectively. Chicago action has been quiet this week, but both bio and export have shown plenty of interest. The current ratio of Chicago BFT to Malaysian Palm Stearin is at 76% and 89.7% for the month. Historically, when the price of palm exceeds 100% of the price of Chicago BFT, exports increase. Today’s action would signal that the trading lanes are back open for…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...