Choice white grease saw plenty of action at the top end of the range yesterday with some buyers looking to cover in material. The stronger tallow market and some production interruptions add risk for higher prices next week.
Bleachable fancy tallow (BFT) and technical tallow were both quiet to close out the week. There remains interest for renderer BFT at steady prices, but thus far neither buyers nor sellers seem aggressive in trading volume outside of formula based pricing. There have been indications that tech tallow offering prices may move up on strong RBD soybean oil demand in the fourth quarter and higher BFT prices over the last couple of weeks. With Chicago BFT at 31 cents per pound, tech is at a seven cents premium, which is just over twice the prior three-year average for August. As renewable demand has grown for premium feedstocks, that spread has widened relative to the last three years,…
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...