The Chicago technical tallow market traded up four cents today for ten rails cars of material. Renderer BFT was bid up two cents with buyers unable to source material. There have been reports of packer interest at $0.3100 Chicago, but reportable bids have not materialized yet. Buyers and sellers in the tallow market remain concerned about supply in the near term. Cattle slaughter for the week is off 11 percent versus year ago levels…
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...