***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…
11.22.2024
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...