Renderer bleachable fancy tallow (BFT) traded at higher prices today on a Chicago basis. Trading in the packer BFT market was quiet, but the next traded level is likely to be at or very close to the renderer trade. Technical tallow is unquoted today due to lack of activity and it’s likely that the next traded level is in the mid 40 cents per pound range given today’s activity in the BFT market and the recent unconfirmed, but highly plausible, reports of edible trading at 45 cents Chicago.
Choice white grease is firm on an FOB basis out of the Missouri River market. The move higher in the BFT market adds risk to the CWG market for higher prices in the near term. Feed buyers may start to push back on values when they hit the 400…
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...