Prices for US animal fats and oils were largely stable on Tuesday August 20, with limited trade volumes reported, while soybean oil prices continued to inch upward.
On Tuesday, September soybean oil futures on the Chicago Mercantile Exchange closed at 40.71 cents per lb, up by 24 basis points for the day from 40.47 cents per lb on Monday August 19.
Meanwhile, the soybean oil/heating oil (BOHO) price spread recovered from the six-month low reached on Monday because heating oil futures fell further while soyoil prices crossed back above 40 cents per lb.
In the tallow markets, prices were unchanged across the board, with packer- and renderer-grade bleachable fancy tallow (BFT) assessed at 46.5 cents per lb and 48.75 cents per lb respectively on a Chicago basis.
…
11.26.2024
Biomass-based diesel market quiet ahead of US holiday
Biomass-based diesel markets were quiet on Tuesday November 26 ahead of the US Thanksgiving holiday.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.26.2024
BFT prices climb as some DCO markets trend lower
Bleachable fancy tallow (BFT) prices rose again on Tuesday November 26 during another relatively quiet trade session while the market slows ahead of the Thanksgiving holiday in the US.
11.26.2024
Sluggish trade ahead of Thanksgiving; October broiler slaughter well above 2023
Trade values below the current ranges were indicated on meat and bonemeal, although reported trades were still rangebound on the day.
Fastmarkets assessed the price of poultry by-product...