Buyers and sellers were again mostly quiet today with soybean oil prices down 2.5 cents per pound on the May contract. There was a fairly broad sell off in the futures market today with corn and soybeans lower as well. Heating oil prices were sharply lower, settling at $1.7478 this afternoon for the May contract.
Yellow grease and used cooking oil prices were higher out of the California markets. Buyers in the feed sector continue to fight the price increases, but have limited optionality for fat supplementation in their rations.
Choice white grease (CWG) prices were sideways today with limited trading reported. The Missouri River market is averaging 44.67 cents per pound for March, the highest March average since 2012. In 2012 the March relative price of CWG to corn was 412 percent and through today the average is 460 percent. The high prices relative to corn continue to suggest that reformulations are due from the feed sector, but prices remain well under soybean…
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...