Chicago CWG and renderer BFT traded steady today. The recent activity in the Chicago market points to well balanced supply and demand in the tallow markets. Choice white grease trading was steady today with no changes reported. Some sellers are short on nearby material and are well sold at the upper end of the printed range, buyers, especially in the feed sector, are pushing for numbers under 27 cents FOB but thus far there has been no trading confirmed at that level. Missouri River choice white grease finished the month of September with an average relative price to soybean oil of 79 percent, 2.6 points under the prior three year average. The choice white grease market spent much of the summer historically undervalued relative to soybean oil but as more bean oil is getting bought by the renewable diesel sector,…
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...