Bleachable Fancy Tallow (BFT) was offered lower through the Chicago market today for both render and packer material. As of press time no trading or bids have been reported. The increase in cattle slaughter is adding extra material to the market and some slowdowns on the demand-side have contributed to weaker numbers.
Ethanol production was up again last week, estimated at 765,000 barrels per day by the EIA. Gasoline demand was up as well hitting a near term high of 317.1 million gallons last week. Distillers corn oil production at 7.3 million pounds per day was up 5.6% relative to the week prior and down 26% compared to the prior three year average. The additional supply…
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...