Chicago packer bleachable fancy tallow (BFT) prices in the US declined by 2.5% in the week ended Friday August 16, compared with the previous week’s average, driven by continued weakness in the soybean oil market and negative pressure in the overall fats and oils complex.
Market sources continued through the week to report tight spot supplies of BFT and steady demand from the biodiesel and renewable diesel sectors. This helped to keep tallow prices from tumbling lower, despite the front-month soybean oil contract late this week hitting its lowest level since December 2020.
Meanwhile, distillers’ corn oil (DCO) prices FOB Missouri River decreased by 3.7% week on week, reflecting strong production and pressure from the soybean oil market.
Used cooking oil (UCO) delivered to the US Gulf declined by almost 1.3% this week, averaging 45.15 cents per lb, following the downward trend in SBO prices.
…
11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...