Renderer bleachable fancy tallow (BFT) traded higher today as did technical tallow. BFT traded in four cars and tech tallow for one car within the 30-day window. Choice white grease traded in a tighter range out of the Missouri River market at 47 – 48 cents FOB. The May soybean oil (SBO) contract has traded up 6.6 cents per pound or 12.8 percent since the close on April 12th. The continued strength in the SBO and corn markets has forced the hand of some buyers who had been waiting out the market.
Cargill and Love’s announced a joint venture for a renewable diesel production facility in Hastings, Nebraska. The joint venture called Heartland Renewables will produce and market renewable diesel from the planned production facility that is expected to have an annual capacity of approximately 80 million gallons. In the press release by Love’s (
…
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...