The overall animal fat market was relatively quiet today, with a few logistical issues lingering after the holiday break. Poultry fat was the exception, with prices up today, continuing a bull run in the market. The AL/GA poultry fat market finished the month of November up 18 percent from October’s monthly average. The 25.18 cents per pound monthly average was the highest for November since 2012 when the month closed at an average price of 31.35 cents per pound. Tight supplies, strong soybean oil and corn values, and significant demand contributed to the big move higher. While the monthly average was the highest in 8 years, the relative price to corn at 339 percent was not too far off of the prior three-year average of 322 percent and well…
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...