Prices moved higher on a number of products today, but the overall tone of the market was fairly quiet coming off the long holiday weekend. Demand for low carbon intensity (CI) feedstocks for renewable fuel production continues to be very strong, especially or used cooking oil (UCO), as evidenced by the big jumps in that market today. It’s reasonable to expect the trend for higher UCO prices to continue as demand in the US and abroad is very strong. Buyers in the EU have been willing to pay a higher FOB prices out of the US due to shipping issues and costs for material out of the Asian markets.
Cattle slaughter finished last week at an estimated 640,000 head, down 1.7 percent from the week prior. Slaughter is forecast to move lower over the next six…
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...