Five cars of packer bleachable fancy tallow (BFT-P) and five cars of renderer bleachable fancy tallow (BFT-R) traded into/through the Chicago market today. The renderer trade was higher than Friday’s big with tight, in-spec, supplies contributing to the jump in price. Trading outside of the BFT markets was quiet today.
Hog slaughter finished last week at an estimated 2.58 million head, up 9.5 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.55 million head this week and to 2.63 million head on the week ending September 5th. Over the next six weeks, slaughter is…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...