A car of technical tallow traded up two cents today into/through the Chicago market. Used cooking oil trading was active today as well with material traded into the Atlantic Seaboard at 35 cents delivered. UCO into the southeast market is 32 cents and indications are higher for December on tighter supply and strong demand to start 2021.
Cattle slaughter finished last week at a 647,000 head, down 1.5 percent from a year ago and up 1.4 percent relative to the week prior. Slaughter is forecast a 0.03 percent above the prior six week average over the next six weeks, but a post holiday boost is expected….
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...