The overall market was fairly quiet today in terms of trading. The only price change was a ½ cent move for tallow in the Gulf market, up on indications at 41 cts/lb late yesterday. Offers continue to be heard into the Gulf at higher prices, up to 42 cts/lb delivered.
Bearish clouds are continuing to gather for the nearby market on persistent reports of weak demand and well-bought positions. Planned and unplanned downtime at some biofuel production facilities and plenty of supply on hand have contributed the negative tone. The fall in soybean oil and RIN prices have also contributed to the sentiment.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...