01.24.2025
Renderer BFT trades higher to close out the week
Renderer grade bleachable fancy tallow (BFT) traded up to 50 cents per lb Chicago on Friday January 24 in a five-car trade.
Prices into the Gulf were higher as well,...
Conflicting reports leave the market stalled at present values. The Jacobsen has been receiving price quotes above and within stated ranges for crude glycerin. One participant that buys and sells within the market has pegged prices at roughly 25 cents per pound, according to how he is seeing the market. He stated the Coal freeze buyers have throttled back purchases and he recently re-sold inventory netting back to a 25 cents per pound Midwest equivalent.
Another broker speaking to The Jacobsen states โWe are selling 80 percent crude in the 35-40 cents range.โ The recent cold snap across much of the country has caused some biodiesel producers to slow production due to the weather. Reduced production leads to lower glycerin supply.
Adding to weather related issues, at least on vertically integrated producer has stated they were pulling back production and sellingโฆ