Renderer bleachable fancy tallow (BFT) traded at higher prices today on a Chicago basis. Trading in the packer BFT market was quiet, but the next traded level is likely to be at or very close to the renderer trade. Technical tallow is unquoted today due to lack of activity and it’s likely that the next traded level is in the mid 40 cents per pound range given today’s activity in the BFT market and the recent unconfirmed, but highly plausible, reports of edible trading at 45 cents Chicago.
Choice white grease is firm on an FOB basis out of the Missouri River market. The move higher in the BFT market adds risk to the CWG market for higher prices in the near term. Feed buyers may start to push back on values when they hit the 400…
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...