More choice white grease (CWG) traded at 53.5 Chicago today, some cars within the 30 day window and additional tonnage for May. Offers for CWG out of the Missouri River market were as high as 50 cents FOB, but the bulk of action today was in the 45 – 47 cents per pound range. Warmer weather is helping to facilitate increased demand from the biodiesel sector and buyers continue to face an environment with limited optionality for feed ingredients and feedstocks.
Distillers corn oil (DCO) trading was done at higher prices today up and down the geographical gamut. Higher soybean oil prices are contributing to the increases as is big demand from the renewable sector and continued demand from the all-veg poultry sector. Delivered values into feed have been indicated as high as 62 cents per pound for April. Bids for May arrival DCO have been indicated at 57 cents delivered Gulf.
The influence of soybean oil (SBO) is not lost on poultry fat with values up in those markets…
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...