Chicago packer BFT traded higher today in three cars. Choice white grease trading was done steady into the Chicago market today, two cars. Tech tallow has been quiet and supplies are likely tight with cattle slaughter estimated at 73 percent of year prior levels this week. Sellers short on material and buyers in the chemical sector with limited optionality are likely to keep prices supported in the nearby market, but a lack of demand from other sectors and the eventual resumption of production add risk for lower prices in May. With RBD soybean oil prices suggested as low as 30 delivered, tech tallow above a 33 – 34 cents range would likely be a pass for renewable producers based on LCFS feedstock credit…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...