A major winter storm dropped heavy snow across much of the Midwest which has kept a number of buyers, sellers and traders busy with logistics today. There were some distressed loads reported for choice white market (CWG), but the overall action today was steady out of the Mo. River market. Trading was higher out of Indiana at 34 – 34.5 cents per pound.
Yellow grease prices moved higher in a number of markets today. Friday’s losses in the corn, soybean and soybean oil markets are just a fleck in the rearview mirror after big gains yesterday and today. Tight balance sheets on the grain, oil and oilseeds have contributed to tremendous volatility. Buyers don’t have a lot of options and the higher priced corn values have helped to push the yellow grease numbers higher. Today’s corn market…
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...