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,…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...