Please note – The Jacobsen will not publish an Animal Fats bulletin on Monday in observance of the Presidents’ Day holiday. We will resume publication on Tuesday, February 16th.
It was an active close to the week with higher prices on yellow grease and the forward market for distiller’s corn oil. Sixteen cars of edible tallow traded at 56 cents Chicago today, up 5 cents from the last traded number on technical tallow.
Packer BFT remains discounted to palm stearin FOB Malaysia, which has historically meant that an export arbitrage is in play for BFT out of the US. There’s enough demand from the interior that sellers don’t need to rely on exports to keep the market buoyed. With BFT at a discount to palm buyers in the interior US have limited optionality. Offers for bleachable fancy tallow (BFT) remain slim and it’s reasonable to expect buyers to have to pay up for their March…
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...