What a difference a day (or weekend) can make. Friday closed the week with a bearish tone with bids for fats, oils and greases lower after soybean oil (SBO) futures and RIN prices plummeted on Thursday. Today, soybean oil is limit up and the few offers that are out are shaprly higher. Trading on a whole was quiet with most on the sidelines, but three cars of packer grade bleachable fancy tallow (BFT-P) traded up 4.5 cents Chicago this afternoon. The higher trade on BFT-P was tied more closely to the recent renderer grade BFT trade than today’s action in the SBO market.
Cattle slaughter finished last week at an estimated 647,000 head, down 2.7 percent from the week prior and up 1 percent from last year. Slaughter is forecast out at an average of 639,800 head over the next six weeks, up 1.3 percent from the prior six-week…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...