Edible tallow traded down a penny this week, which was the lone mover in the spot tallow market. As has been discussed over the last few weeks, prices in the tallow market historically trade lower in September and October. In the previous ten years, the average price move in September relative to August is – $0.0129; in October, the average price move close to September is down an average of $0.0363. The current BFT market may be in a holding pattern due to overcorrections throughout most of 2020. The August packer BFT Chicago market from 2009 – 2019 averaged $0.0084 lower than July, in 2020 the August average increased by $0.0663. In June, the 2009 – 2019 has been an average increase of $0.0027 per pound relative to May, in 2020 June the average price fell $0.0870 per pound relative to May. The average June, July, and August months have historically been the most considerable demand period for tallow, and relative prices to soybean oil for 2017 – 2019 averaged 102 percent. In…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...