Choice white grease prices moved higher today as some renewed interest from the fuel sector has driven the nearby of the top range higher. The market remains split with smaller volume, i.e. 5 truck load shipments, available at the lower end of the range. Bigger volumes, 20 – 30 truck trades have been done at the top end of the range. Feed buyers have been consistent in the 20.5 delivered neighborhood and increased demand has started to show this week. With more demand from the biodiesel industry surfacing, there is risk for prices into the feed sector to move higher. It’s reasonable to expect the upswing to be tempered by the large supply currently in the market and…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...