There were reports of higher offers in the BFT packer market today, but no trading was reported. Strong export demand and high temps affecting ffa levels this week have tightened up the spot availability. With that stated, outside of a bid for renderer BFT at 32 cents Chicago there hasn’t been any open interest reported. Hurricane Laura is gaining strength and is shutting down operations in east Texas and western Louisiana. Reports out of the New Orleans region have business moving along as usual.
Distillers corn oil trading moved higher today with strong demand mixing with higher soybean oil prices. Ethanol production was up slightly last week, estimated at 931,000 barrels per day by the EIA. DCO production is estimated at 8.8 million pounds per day, up 0.5 percent from last week and down 9 percent compared to year ago levels. Historically,…
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...