Sixty trucks of choice white grease (CWG) traded lower late yesterday out of the Missouri River market. Trading was done at higher prices though the week, but the top end of the range will be harder to move next week after the significant volume at lower numbers.
There are indications that more BFT is showing up in the market, but thus far, anything offered has moved at steady prices on a Chicago basis. Strong export demand combined with a strong soybean oil market and a well-balanced domestic market has contributed to this run of an unchanged market. Through the first half of the month, Chicago packer BFT is has traded at a relative price to soybean oil of 95 percent. If this value holds, it will set a record high for October. With that stated, no one seems to be in a hurry to change direction on price in the near term, but a rapid drop in the…
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...