The market was fairly quiet today with few changes reported. Choice white grease did trade higher out of the Missouri River market with biodiesel demand continuing to pull the market higher. At an average of 20.75 cents FOB, the increased demand from biodiesel shouldn’t be a surprise. A relative price of 71 percent is 18 points under the prior three-year average for July and 16 points under the prior three-year average for August. Tight, cash soybean oil supplies are also pushing more demand into the choice white market for fuel production….
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...