Three cars of renderer bleachable fancy tallow (BFT-R) traded higher today. Choice white grease was lower out of the Missouri River market. The continued strong hog slaughter numbers are keeping the market well supplied with grease. Heating oil prices are off just shy of 3 percent over the last two weeks which is creating price resistance from the biodiesel buyers. Additionally, cold temperatures and concern of cloud point issues may be limiting demand for animal fats as feedstock. Usage of choice white grease has been strong during the fourth quarter over the past several years, but buyers may be pushing for lower prices to compensate for the higher priced, unsaturated lipids needed to blend down the lower IV animal fats. The choice white grease market is likely to see continued…
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...