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…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...