***1 car of Edible Tallow Chicago traded late in the day yesterday at $.3800. Please note the change in our price guide.
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BFT prices spiked early in the week and move higher again later in the week as the supply was tight due to the amount of production exceeding the FFA specification due to the hot temperatures. Oleochemical buyers bid price up about 4 cents to attract supply. Some of this demand was prompted by a stronger economy than during the height of the pandemic in the second quarter.
The relative price of packer tallow to soybean oil futures in July dipped down to 80% and was the lowest since May of 2018. The current…
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...