Trading was quiet today with no volume reported. A number of market participants are out for the NIOP Conference. Friday’s choice white grease trade at 53.5 Chicago has also pushed some people on to the sidelines, with non-fuel buyers assessing their positions and buyers asking for higher prices basis the big demand from the renewable sector.
Choice white grease supply is forecast to increase slightly over the next two weeks, forecast at 2.6 million head, up 0.7 percent from last week. Over the next six weeks, slaughter and grease production are…
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...