Renderer and packer bleachable fancy tallow (BFT) were offered lower on Friday afternoon and again today with no bids or trading reported as of press time. Technical tallow traded steady late Friday afternoon at Chicago pricing.
Hog slaughter finished last week at an estimated 2.137 million head, up 2 percent from the week prior and the highest weekly total since the week ending April 18th. Slaughter over the next six weeks is expected to increase to an average of 2.171 million head, up 11 percent compare to the prior six weeks and down 6 percent relative to last year. The increased production has driven prices lower over the last couple…
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...