Bleachable Fancy Tallow (BFT) was offered lower through the Chicago market today for both render and packer material. As of press time no trading or bids have been reported. The increase in cattle slaughter is adding extra material to the market and some slowdowns on the demand-side have contributed to weaker numbers.
Ethanol production was up again last week, estimated at 765,000 barrels per day by the EIA. Gasoline demand was up as well hitting a near term high of 317.1 million gallons last week. Distillers corn oil production at 7.3 million pounds per day was up 5.6% relative to the week prior and down 26% compared to the prior three year average. The additional supply…
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...