Four cars of renderer grade bleachable fancy tallow (BFT) traded higher today. Yellow grease, choice white grease and poultry fat prices were all higher today as well. Tight supplies and big numbers at the Board of Trade continue to drive the market higher.
Choice white grease (CWG) traded as high as 42.5 cents FOB Missouri River today on continued strong demand and limited availability. Biodiesel, renewable diesel and feed are all buyers at the higher prices. March and May corn prices were up sharply today, settling at $5.6075 and $5.4500 per bushel, respectively. At $5.45 per bushel, fat should start to see some downward pressure above 39 cents per pound or at 400 percent of the price of corn. The prior five-year average for CWG to corn futures out of the Missouri River market for March is 334 percent, which would translate to 32.75 cents per pound today. March values haven’t averaged over 400 percent of the price of corn since 2012. Prices are higher relative to soybean…
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...