Renderer bleachable fancy tallow was offered a penny lower today and unsold as of press time. Heavy supplies continue to weigh on the market. In terms of monthly averages, packer BFT prices are down just over 7.25 cents compared to May. If current prices hold, or move lower, the BFT markets could see the largest decrease from the prior month since October of 2008. At current prices, feed and export demand should start to pick up and put a floor in the market in the near term.
Figure 1.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...