Technical tallow traded at 48 cents delivered into the Gulf market today. Tallow trading through the Chicago rail corridor was quiet, but the higher trade into the Gulf puts pressure on the Chicago market to move higher in the near term.
Spot prices in the distiller’s corn oil market moved higher today, trading in a range of 42 – 42.5 across much of the Midwestern market. Trading out of the NE/KS market is higher with additional demand pressuring that location more than the eastern locales. Values into feed are starting to get a bit toppy at 42.5 and feeders may start to include more corn in rations. Big demand from the renewable sector is likely to keep prices firm in the near term. There remains risk for continued tight supplies in the market basis limited gasoline demand. For last week, the EIA estimated gasoline demand at 326.3…
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...