**There was an error in the Chicago Choice White Grease price. The correct value of $0.2800 Chicago was updated at 4:03 PM CT on Friday, October 30th.**
Chicago technical tallow prices are lower on trading for two cars today. The Chicago tech spot market has been quiet over the last month, but demand from the West Coast and Gulf markets remain strong for renewable and export demand. The bleachable fancy tallow prices are unchanged, with the month coming to close on a steady note. The monthly average BFT price was higher in October relative to September for just the 3rd time in the last 13 years.
The EIA released the monthly biodiesel production report for August 2020 today. B100 production was estimated at 163 million gallons, the highest monthly production total since December of 2018. The sales to production ratio of 55.7 percent is behind 2018 and 2019 levels, which were 58.6 and 57.3 percent, respectively.
Soybean oil (SBO)…
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.
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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...
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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...