Three cars of technical tallow traded higher on a Chicago basis today. Two cars of packer bleachable fancy tallow traded at steady prices as did two cars of lard.
Hog slaughter finished last week at an estimated 2.54 million head, down 9.8 percent from year prior levels and down 2.1 percent from the week prior. Over the next six weeks, slaughter is forecast to average 2.52 million head per week, falling from 2.55 million head this week to 2.48 million head the week ending May 1st. The slower slaughter is expected to tighten up lard and choice white grease production through Aprill. The slowing production adds risk for higher prices to the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...