Choice white grease traded lower today in the Chicago market. Packer bleachable fancy tallow (BFT-P) was offered lower and unsold as of press time. Prices in the BFT market, both for BFT-P and BFT-R, should be nearing a bottom. There is a lack of demand into/through the Chicago market at present, but export, fuel and feed demand interest should be piqued at these levels.
Hog slaughter finished last week at an estimated 2.587 million head, up 5.5 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.575 million head this week and to 2.55 million head on the week ending August 1st. The forecast for the next six weeks is an average of 2.45 million head, up 6 percent from last year and 8 percent from the prior six week average. The strong, July production adds risk for lower prices in the near term, but low spot prices relative to soybean oil and corn may up…
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...