Chicago packer BFT was bid higher this afternoon with no trading reported as of press time. Renderer was bid steady with no action either. Unexpected downtimes at some beef plants in the US have cut slaughter levels and sellers are seeing supplies tighten. Cattle slaughter was estimated at 102,000 head today, down 7 percent from last week.
Distillers corn oil prices moved higher this afternoon on tight supplies. Ethanol production was estimated at 672,000…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...