The market was fairly quiet today with the annual AFOA meeting underway on a virtual format this year. Three cars of renderer BFT traded steady on a Chicago basis today. CWG was also steady in limited volume.
Distillers corn oil prices remain well supported from strong demand from the renewable and feed sectors. The Missouri River DCO market closed September with a relative price to soybean oil of 84 percent, right in line with the prior three year average. The prior three year average for October is 78 percent, which suggests a price of just under 26.5 cents FOB. A tighter production year,…
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...