Ten cars of edible tallow traded at steady Chicago pricing today. Tallow prices were steady this week with buyers and sellers well covered for the near term. Trading outside of the Chicago market has been done at a premium to Chicago values, but chemical demand remains tepid and it’s reasonable to expect Chicago tallow prices to remain flat in the near term. Bleachable fancy tallow (BFT) FOB Missouri River finished the month of June with a relative price to soybean oil of 80 percent and is currently at 67 percent. Higher trades for choice white grease and the favorable price to soybean oil should make BFT an attractive option for the biofuels industry at the moment.
Figure 1.
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11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...