Choice white grease traded as high as $0.2350 FOB River today as some supply interruptions related to Monday’s storm tighten nearby supply. It’s reasonable to expect upward pressure to build in the Chicago market as a wide spread to BFT and some rail interruptions drive offer prices higher. Through the first half of the month, choice white grease prices out of the Missouri River market have traded closer to the historical average for relative price to corn. Through today, the August monthly average to corn is 386.5 percent, 21 poinrts under the prior three year average. Stronger corn prices…
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...