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…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...