Outside of one car of tech tallow trading higher on a Chicago basis, the market was very quiet to close out the week. Sources indicated there is additional interest for Chicago CWG at 54 for October. The nearby market is still heavy with displaced material and it’s reasonable to expect the top side of the market to face additional downward pressure in the short term.
Weekly averages in the animal fat market were sharply lower compared to the week prior. Choice white grease had the biggest decline, falling 16 percent compared to the prior week’s average and down 14.8 cents per pound versus the weekly average from two weeks ago. BFT prices settled down, finishing the week at 63 cents per pound and the average down 3.6 percent compared to the week prior. Soybean oil prices have been on a steady, downward slide over the last four weeks. Prices are off, on average, 5.3 cents…
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...