Chicago packer BFT trading was confirmed at $0.2700 Chicago, up a penny from the previous level. Five cars traded at that level for shipment in the 30 day window. Demand remains firm through December with some tire kicking present for January.
Trading outside of the tallow market was quiet today. Hog slaughter continued along this week at a strong pace with 2.495 million head estimated through Saturday. The weekly total is up 2% from last week and the YTD…
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...