BFT Bid Higher for Renderer, Lower for Packer

BFT Bid Higher for Renderer, Lower for Packer

Packer BFT prices jumped 4.25 cents, or 19 percent, over the last traded level this week. The market had been very quiet since settling at 22 cents in early July. High temperatures and humidity levels across much of the country have left many producers short with on-spec material. Bids for packer material at 24 and 25 cents earlier in the week came up empty with a number of producers commenting, “I won’t have anything below a 6 or 7 acid for a few weeks.” There is a bid in the market today for renderer and packer  at 25 cents for the 30 day position, but thus far no trading has been reported. 

Through the first part of the month, prices for packer BFT have averaged 22.27 cents per pound, the lowest July average since July of 2006. Increased demand for soybean oil from the renewable sector and long positions for RBD have driven spot prices of soybean oil sharply higher over the last month. The tight nearby market for low acid feedstocks make it likely that buyers…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets