A single car of packer bleachable fancy tallow (BFT) traded at 49.5 cents Chicago today. The volume was two cars shy of the requirements for a change on the price guide. Buyers are likely going to have to pay that higher level to secure material in the near term. The Chicago packer BFT and the Chicago choice white grease (CWG) markets will be unquoted if there is no trading or open interest by the end of business tomorrow. Yellow grease and used cooking oil were higher out of the California markets again today.
CWG FOB Missouri River continues to climb on strong demand, particularly from the renewable sector. Hog slaughter was a strong 496,000 head today, but the weekly totals are behind week prior and year prior levels. Saturday production is expected to be reduced through the month and into April, which will further tighten choice white grease availability in the near term. Corn prices were higher today at…
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...