Edible tallow traded down a penny this week, which was the lone mover in the spot tallow market. As has been discussed over the last few weeks, prices in the tallow market historically trade lower in September and October. In the previous ten years, the average price move in September relative to August is – $0.0129; in October, the average price move close to September is down an average of $0.0363. The current BFT market may be in a holding pattern due to overcorrections throughout most of 2020. The August packer BFT Chicago market from 2009 – 2019 averaged $0.0084 lower than July, in 2020 the August average increased by $0.0663. In June, the 2009 – 2019 has been an average increase of $0.0027 per pound relative to May, in 2020 June the average price fell $0.0870 per pound relative to May. The average June, July, and August months have historically been the most considerable demand period for tallow, and relative prices to soybean oil for 2017 – 2019 averaged 102 percent. In…
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...