Friday Trade Deadline
Trading will close tomorrow at 12 CT with publication shortly after.
Three cars of packer grade bleachable fancy tallow (BFT-P) traded higher today after a couple of days of interest at higher prices. Sellers across the country are tight for nearby, on-spec, material with high temps pushing ffa levels higher on a good chunk of material. Renderer grade BFT remains quiet with no bids heard, but supplies tight as well.
Choice white grease prices have increased by 11 percent over the last week. Increased demand from the biodiesel sector and buyers buying in low acid fat to blend with higher acid formulations have contributed to the higher prices. It’s…
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...