Renderer bleachable fancy tallow (BFT) jumped 5.5 cents Chicago today on five rail cars. Volume was quiet on the packer BFT side of the market and offers are likely closer to 54 cents after today’s trading. BFT is starting to bump up against a palm stearin ceiling. Prices for palm stearin into the Gulf are quoted at 52.5 cents per pound and with added freight to ship up to Chicago, values on par with BFT. Tallow buyers may start to take a hard look at reformulations in the near term.
Distiller’s corn oil (DCO) prices traded higher again today throughout the North American market. Offers were heard as high as 55 cents for April shipment, but no trading was confirmed at that level. Ethanol production was higher again last week. The EIA estimated US production at an average of 971,000 barrels per day, up from 938,000 the week prior and the highest weekly production this year. Distiller’s corn oil production is estimated by The Jacobsen at 9.2 million pounds per day, down 7…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...