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Choice white grease traded in a steady range out of the Missouri River market this morning. Sellers had been out with higher offers early in the week, but the strong supply has put a lid on the topside of the market. There has been increased interest from the biodiesel sector, but buyers seem well covered through August as July draws to a close.
Bleachable fancy tallow was quiet to close the week and month. There was interest for technical tallow at 32.5 Chicago earlier in the week, but thus far no sellers have shown any interest to sell at that value. Trading into the California and Gulf markets have been indicated at higher levels, values that work out to 36 – 38 delivered Chicago…
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...