Trading was quiet today with no changes reported. The BFT market has been quiet most of the week with the November market seemingly well bought and well sold. After last Friday’s technical tallow trade of 33 cents on two cars, optimism from sellers for higher BFT prices vanished. A technical tallow market at 33 cents suggests lower BFT prices are in store, but additional 33 cent material has been nonexistent since last week’s trade and buyers haven’t bit on 35 cent offerings. The Chicago tech tallow market will be unquoted on Monday if there is no activity in the market.
Demand from Brazil continues and values for BFT into the Gulf region have traded outside of the 30-day window at a premium to the Chicago market. Sellers may forgo the Chicago market in the near term in favor of higher prices to the West or into the Gulf. Indications on BFT have been as…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...