Tallow was quiet to close out the week with no spot trading reported. The BFT market has historically moved lower in September and October. As long as the market doesn’t fall to 24 cents per pound on Monday, it will be the first time Chicago packer BFT has had a higher monthly average price in September relative to August since 2012. Over the last ten years, Chicago packer BFT prices have traded higher in October twice, once in 2010 and again in 2016. The average price move during from September to October over the last ten years is – 3.6 cents per pound. That historical downturn has been tied to decreased demand from the end use sector in the fourth quarter, but nearby October demand has been steady enough to keep extra loads from popping up in the market. There have been reports from the Australian and New Zealand markets of Brazilian…
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...