Three cars of edible tallow and four cars of technical tallow traded at higher prices today. Bleachable fancy tallow (BFT), both renderer and packer grade, were offered down two cents per pound and were unsold as of press time. Some nearby slack in the BFT market has pressure the market lower over the last couple of days, but continued, very strong demand for both edible and tech have widened the spread to BFT to 14 cents per pound. The sentiment from the demand side seems not to be, “why is it so high?” rather “where can I get…
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...