Two cars of technical tallow traded at lower levels today relative to the last priced trade. Edible tallow was offered out and untraded as of press time. Sellers are seeing strong headwinds from the soybean oil and palm oil markets, as are the buyers competition with veg based products in the edible space. Demand from Mexico has been indicated in the current, printed range for edible and technical tallow, but a weaker peso versus the US is…
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...