Four cars of packer bleachable fancy tallow traded higher today. Yellow grease continues to move higher in the California market with trading topping out at 35.50 FOB Los Angeles and San Francisco.
Nearly through the first half of the month, packer BFT is averaging 94.5 percent of the price of nearby soybean oil. The prior three month average for February is 84.1 percent, including last year’s COVID driven spike to 113.4 percent. If the relative price were to hold, it would the second highest February relative price on record, with last year being the highest. Given the limited optionality, which…
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...