Renderer BFT remains offered out at steady money for the Chicago market with no trading reported. Demand for tech tallow remains strong with buyers unable to source the material they need. The demand has predominantly originated from the soap and chemical sector. At $0.4275, tech tallow is trading at a 13 to 14 cent premium to delivered, RBD soybean oil. At a price spread greater than three to four cents, renewable fuel producers will realize a greater credit value from the soybean oil versus tallow.
Choice white moved…
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...