Late yesterday choice white grease traded higher out of the Missouri River market. Chicago trading was quiet and will be unquoted on Tuesday if there is no trading by the end of the day. Biodiesel and feed demand continue to pull the choice white grease market higher with few, lower cost alternatives.
Tallow, both packer and renderer as well as edible and technical, were quiet this week. There have been mixed reports on availability of BFT post holiday. Over the last five years, the BFT market has typically moved lower just before or after the Labor Day break. The exception to the seasonal slide was 2016, which saw soybean oil prices increase from 28.9 cents per pound on the week ending August 14th to 34.9 cents per pound on the week ending November 6th. The tight cash market for soybean oil and higher prices spilled into the BFT market, driving prices from 27 cents Chicago on the week ending August 14th to 28.8 cents on the week ending…
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...