An overall negative tone in the fat market spilled into the tallow trade today. Five cars of packer bleachable fancy tallow (BFT), three cars of renderer BFT, and three cars of technical tallow traded lower on a Chicago basis this afternoon. Sellers are seeing pressure from the renewable industry as well as from the chemical and feed markets. Yesterday’s move lower in the distiller’s corn oil (DCO) market was a strong signal of negative price momentum and it’s reasonable to expect further corrections to the downside in the near term on BFT as well as choice white grease (CWG). The prior three-year average premium for DCO to CWG FOB Missouri River for April is 3 cents. DCO is…
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...