Four cars of renderer bleachable fancy tallow (BFT) traded higher today on a Chicago basis. Nearby demand continues, while offerings are slim. Choice white grease was steady today with limited spot trading reported. The big jump in the corn market has added additional upward pressure to the market. At 400 percent of the price of corn, fat has a value today of just under 38 cents per pound. Through the first half of the month, choice white grease FOB Missouri River has averaged 354 percent of the price of corn, 26.5 points over the prior three-year average. The relative price to corn has increased over the last three years as demand from the renewable sector…
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...