Nine cars of renderer bleachable fancy tallow (BFT-R) traded at a higher price this afternoon. Packer BFT trading was quiet but it’s reasonable to expect the next traded levels to move higher. There is still unsatisfied demand in the market. Technical and edible tallow prices are likely to move higher in the near term with BFT currently trading at a premium.
Distillers corn oil (DCO) prices moved higher today on strong renewable demand. The EIA reported ethanol production down last week at an average of 957,000 barrels per day. Distillers corn oil production is estimated at 9.1 million pounds per day for last week. The 9.1 million pounds is the lowest since the week ending October 23rd. Demand from the renewable sector remains strong and…
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...