Animal fat prices continue to trade higher, chasing the soybean oil market. The USDA released the World Agriculture Supply and Demand Estimates (WASDE) today with no big changes reported. Non-biomass-based diesel usage was upped by 200 million pounds and exports lowered by 150 million pounds. Soybean oil prices settled at 53.57 on the May contract and 55.15 for the March. Heating oil prices were slightly lower today with further boosts the spread between feedstocks and heating oil.
Choice white grease prices are up a penny out of the Missouri River market. There remains unfulfilled demand in the market and there is risk for higher prices to continue through the week. Poultry fat and yellow grease prices are higher as well. Supply remains tight and buyers have limited optionality on…
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...