A car of renderer BFT traded at steady Chicago prices today. Two cars of technical tallow traded up a penny today. Nearby availability on tallow is tight and holiday production interruptions add risk for higher prices for those looking for material in late December or early January.
Choice white grease prices were steady today with limited volume scattered throughout the trading range of 27 – 29 cents per pound. At an average price of 28 cents, CWG has a relative price to corn of 368 percent. The prior three year average for December is 315 percent, which suggest lower prices are due. However, prices have…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...