Packer grade bleachable fancy tallow and choice white grease both traded lower on a Chicago basis this afternoon. The CWG trade was done in five cars, the BFT trade was for three cars. Renderer BFT traded higher, up two cents from the last traded level. Trucks of choice white grease traded in limited volume, anywhere from 43.5 – 50.5 FOB Mo. River. Buying ideas from the biodiesel side of the market are lower than two weeks prior and there is a push for sub-50 delivered values.
Hog slaughter finished last week at an estimated 2.46 million head, down 4 percent from a year ago levels. The slaughter is forecast to trend lower over the next six weeks,…
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...