Choice white grease moved higher into/through the Chicago market. Trading out of the Missouri River market was steady today. Yellow grease traded higher FOB Missouri River and Illinois as stronger prices in choice white and DCO pull that market higher. Used cooking oil traded higher as well out of the Illinois market with some biodiesel facilities paying up to secure low carbon intensity material.
Distillers corn oil hit a high of 27 cents today out of the IN/OH market as tight soybean oil supplies and increasing demand from the all veg sector continue to drive the market up. There is strong demand through the fourth quarter and the fundamentals suggest prices still have some upside, particularly in the forward markets, with soybean oil in the 31.5 – 32 cents per pound range. Ethanol production was marginally higher last week compared to the week prior, up…
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...