Chicago edible tallow traded higher today with two cars done at the lower end of the range and four at the top side. One car of renderer bleachable fancy tallow traded steady with yesterday’s pricing. Choice white grease FOB Missouri River has leveled off with trading done today at steady prices.
Distiller’s corn oil (DCO) traded at lower levels today for the spot market. Well bought positions are pushing more sellers to discount material to keep in moving, especially in rail cars. Feed buyers have been active at the top end of the range, but trading into the renewables sector has been driving the bottom side of the market lower. Soybean oil (SBO) settled above 60 cents per pound for the May contract today, which should make motivated buyers of anyone with storage capacity.
The EIA reported ethanol production for the week ending April 16th at 941,000 barrels per day, flat with the week prior. Gasoline demand was the highest since the week ending August 20
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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...