Four cars of packer bleachable fancy tallow (BFT-P) traded higher into/through the Chicago market. Trading outside of the Chicago BFT market was quiet today.
Cattle slaughter finished last week at a robust 667,000 head, down 2.2 percent from a year ago and up 18.3 percent relative to the week prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 665,000 head, down a marginal 0.2 percent from 2019. Over the next six weeks, slaughter is forecast at an average of 585,000 head, down an…
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...